Market analysis

BIMCO IMO2020 sulphur webinar

Includes BIMCO’s Chief Shipping Analysis Peter Sand, who will focus on the changes occurring in the freight market, debating a range of issues including freight rates in USD per tonnes against the TCE quotes. Who pays what in the market? Non-scrubber-fitted ships being the benchmark ship but what does that mean to the ones with a scrubber on board?

The commercial aspects that matter to the future shipping industry

Peter Sand provides his take on the commercial aspects that matter to the future shipping industry at the Slide2Open Shipping Finance Conference on 30 January 2020

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April 2018

Meet BIMCO’s Deputy Secretary General and Chief Shipping Analyst in Odessa

BIMCO’s Deputy Secretary General Søren Larsen and Chief Shipping Analyst Peter Sand will be visiting Odessa, Ukraine to participate at the Grain & Maritime Days on 24 – 25 May 2018 at Black Sea Shevchenko Park Hotel, Odessa, Ukraine.

March 2018

A trade war is harmful to us all and clearly bad for global shipping

Free trade provides prosperity and peace. It’s a fundamental principle to cherish and safeguard. All trade-restrictive measures are in principle bad for shipping. Right now, the international atmosphere is full of threats of retaliation and it appears likely that major trading partners with the US like the EU and China will hit back to draw a line in the sand for the US Administration and President Trump.

US seaborne exports of oil products at an all-time high

Following a seasonal surge in December 2017, the US seaborne export of oil products (materials derived from crude oil) reached the highest annual level ever, in terms of volume and tonne miles demand. An increase in volume, combined with a marginal increase in the average sailing distance, caused the total annual tonne miles demand to surpass the previous high set in 2013.

Meet BIMCO’s Chief Shipping Analyst in Singapore

BIMCO’s Chief Shipping Analyst will be visiting Singapore to be the moderator at BIMCO’s own seminar and networking event “Crude Oil Tankers: Road to Recovery”. Peter Sand will furthermore be participating in Maritime CEO Forum and a panel discussion at the 15th edition of Asia Pacific Maritime Conference. All three events are hosted in Singapore and will take place on 13-15 March 2018.

February 2018

Container shipping: a year where fleet growth and demand growth are the same

What will the future bring? Overall demand growth is expected to be lower than in 2017, but still high enough to potentially improve the fundamental market balance.

Dry Bulk Shipping: Q1 requires careful handling as seasonal cargo demand drops

The fleet is growing at the slowest pace since 1999, and solid growth in demand means that the dry bulk shipping industry should be facing another year of improvement to the fundamental balance.

Macroeconomics: Economic growth around the world is supporting shipping

It has been quite some time since macro-economic development has looked this positive and as supportive of shipping.

Tanker shipping: markets under massive pressure from low demand growth

The future of oil demand and subsequently of tanker demand is very much policy driven. It has been so in the past to some extent, but in coming years this will be more apparent.

Meet BIMCO’s Chief Shipping Analyst in Long Beach, CA

BIMCO’s Chief Shipping Analyst, Peter Sand, will be participating at the 18th edition of Trans Pacific Maritime on 4-7 March 2018 in Long Beach, California. 

China breaks new ground... again

Chinese seaborne imports of iron ore, coal and crude oil have all grown strongly throughout 2017. Both seaborne imports of crude oil and iron ore have reached the highest levels ever recorded, while coal reached the highest level in three years. Imports of crude oil and coal have benefitted the shipping industry to the greatest extent as both volumes and distances have increased.