Join Peter Sand at the London International Shipping Week, where he will be participating in the Navigating Through IMO 2020 amid slowing growth discussion hosted by Bloomberg Intelligence. The discussion will cover the outlook for the commercial shipping markets, alongside an IMO panel discussion on how to prepare for the upcoming IMO 2020 Sulphur Cap. The event will be followed with a networking reception.
Contributing as a speaker, Peter Sand will be sharing his outlook on the dry bulk market. Additionally, Peter will be taking part in a panel discussion of the IMO 2020 Sulphur Cap alongside other industry speakers. Also featured at the event, amongst others, will be Alastair Maxwell, CFO at GasLog and Hamish Norton, President of Star Bulk Carriers Corp.
A gloomy dry bulk market outlook
BIMCO is cautiously optimistic about the short-term outlook, where profitable freight rates are currently enjoyed. But fundamentally, the dry bulk shipping fleet is growing at a rate that is unsustainable when factoring in the tepid demand growth. BIMCO has estimated that fleet growth will outstrip that of demand in 2019 and 2020, which makes the medium-term outlook for the dry bulk market gloomy. Furthermore, BIMCO believes that the upcoming IMO 2020 Sulphur Cap will not provide the silver lining that is being anticipated by some market observers.
The discussion will take place at the Bloomberg Intelligence: Navigating through IMO 2020 amid slowing growth event in London, UK on the 11th September from 14:00 to 18:00 BST. The event is free is to attend upon registration. More information about the venue can be found here.
BIMCO’s shipping market analysis team takes the outset of global macroeconomics in the analysis of global seaborne trade. Through the analysis of the commercial markets for dry bulk, tanker and container shipping, they assist management, members and clients with insights into the many different aspects of the global shipping industry.
A private meeting with Peter Sand can be arranged, who can be contacted at PS@BIMCO.org