Market analysis

BIMCO Analyst: Phase one deal will deliver both trade creation and trade diversion

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Peter Sand, chief shipping analyst at BIMCO, talks the economic implications of the US-China phase one trade deal on CNBC.

Splash Podcast: Sand and steel

The Splash podcast features BIMCO’s chief shipping analyst, Peter Sand, in the hot seat and he expertly faces a barrage of tough questions.

Click here to access the podcast

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November 2018

Trade war leading to headwinds for the fragile dry bulk recovery

Although the 25% tariff on Chinese imports of US soya beans was implemented on 6 July 2018, its effects have only really started to show since the start of the fourth quarter.

Dry Bulk Shipping: BDI weakness in Q4, as the trade war limits demand growth and demolitions stall

The fragile recovery is stalling because the fleet is growing too fast.

Tanker Shipping: Winter is coming, random shocks can be powerful, but only fundamental improvements last

The continued severity of the tanker market conditions has made owners dig deep into the oversupply of capacity. Still BIMCO expects the tanker fleet to keep growing. A short-term rate recovery is not expected, as it is ‘maintenance season’ for the global refining industry in September and October.

Container Shipping: Slow growing demand is a constant challenge

By examining our fleet-growth estimate alone, 2019 looks like a year in which the fundamental balance can only improve. But the trade war remains the wild card here. 

Macroeconomics: Adverse trade politics and rising trade barriers are challenging the industry

The effects of rising barriers to trade, capital flowing out of emerging market economies, and the elevated geopolitical risk are now clear to everyone.

No US Crude oil exports to China for second month in a row

For the seventh month in a row total US crude oil exports excluding china hit a new all-time high reaching 7.9 million tonnes in September.

US Soya Bean exports to China are down by 97%

The trade war and particularly the Chinese tariffs on imports of US soya beans can now clearly be seen with the start of the soya bean exporting period in the US. 

October 2018

Meet BIMCO’S Chief Shipping Analyst in London and Frankfurt

BIMCO’s chief shipping analyst will be participating at Bloomberg Intelligence shipping seminar in London on 12 November and Frankfurt on 13 November.

Iran emerges as no. 1 buyer of US soya beans

Meanwhile the exports of soya beans to China from the US are down 31% for the first eight months and 95% in August alone, compared to the same periods of least year. 

US Crude Oil Exports to China drop to zero in August

Total US crude exports to all destinations other than China hit a new all-time high in August at 6.96 million tonnes.