Market analysis

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


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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December 2017

US crude oil exports now more important to shipping than US oil product exports

The United States (US) government lifted their restrictive policy on crude oil exports in December 2015. In September and October 2017, increased demand from Asia and Europe has caused US seaborne export of crude oil to surpass the US seaborne export of oil products in terms of billion tonne miles.

November 2017

Container shipping: testing the strength of the market makes spot rates drop

Because of the liner companies' interest in "testing" the strength of the market, they deploy tonnage into the trades until the freight drop! Only by doing that, can they reveal the true strength of demand

Macroeconomics: a "new normal" gives the global shipping industry a better outlook for growth

For the demand side to reap the full benefits of this possible global upturn, globalisation must be embraced and the gains from open trade must be a key focus of the policymaker's agenda, replacing any inward-looking policies

Tanker shipping: Q4 only delivers temporary upside as overcapacity remains an issue

This is the highest global oil demand ever but it's also a large and growing fleet. What the tanker market needs most right now is more tankers engaged in floating storage facility.

Dry bulk shipping: take good care of the recovery

This ongoing recovery is still in a "fragile" state - demand has increased but so has supply.

October 2017

Chinese crude oil demand needs 45 additional VLCC’s to support growth

In 2019, global oil demand is forecast to pass the symbolic 100 million barrels per day threshold (International Energy Agency). Developing countries account for almost all of the growth and Asia dominate.  BIMCO stated in its forecast for 2017, that the tanker demand growth for 2017 is expected  to come predominantly from the greater Asia region, led by China. China has met expectations by ramping up its import of seaborne crude oil by 13% for the first nine months of 2017 compared to the same period last year. As China is importing crude oil from further afield in 2017 than in 2016, the tonne miles generated has surged 18%. 

Meet BIMCO’s team at The Asian Logistic and Maritime Conference 2017

BIMCO’s Chief Shipping Analyst Peter Sand will moderate the “Dry Bulk Market Outlook: Sustaining Cautious Optimism for Calmer Waters” panel discussion, scheduled for 23 November at 16:00-17:30. Peter Sand will be joined by Burak Cetinok, Head of Research at Arrow Shipbroking Group and Angad Banga, Chief Operating Officer at The Caravel Group. 

Meet the BIMCO President and team at the Maritime Cyprus 2017 conference

BIMCO’s President Anastasios Papagiannopoulos will moderate the “Smart Shipping” panel discussion, scheduled for 10 October at 11:45. The panel will discuss novel ship design, cyber security and digitalisation – all key issues with a specific bearing on the future. 

September 2017

Meet BIMCO’s Chief Shipping Analyst at The Maritime CIO Forum in Rotterdam

BIMCO’s Chief Shipping Analyst Peter Sand will deliver the closing keynote speech, “What is happening in the shipping markets” at Digital Ship’s 4th Annual Maritime CIO Forum in Rotterdam on 26 September 2017, at the Hilton hotel in Rotterdam, The Netherlands.

Shipping outlook webinar

Shipping industry outlook webinar, hosted by Andrew Mina Assistant Manager, Training at BIMCO and presented by Peter Sand Chief Shipping Analyst at BIMCO.