Dry Bulk Shipping Market Overview & Outlook January 2024
BIMCO's Shipping Market Overview and Outlook Jan 2024 - Bulk Market
BIMCO's Shipping Market Overview and Outlook Jan 2024 - Bulk Market
BIMCO's Shipping Market Overview and Outlook Q4-23 - Bulk Market
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“Scrapping ships and no new builds is the fastest road to recovery for the dry bulk market” BIMCO President Philippe Louis-Dreyfus comments on BIMCO’s latest market analysis
BIMCO has today published the next in its series of reports looking at the “road to recovery” for dry bulk shipping beyond the current market difficulties. The foundation for the new report follows the conclusion of BIMCO’s previous analysis – that due to the severity of the current crisis the secto... Please follow the link to continue reading.
Niels Rasmussen, Chief Shipping Analyst at BIMCO, will give a presentation on "Charting the Course: A Look at 2024 Trends, Tonnages, and the 2025 Market Outlook in Bulk Shipping" at the International Bulk Conference in Virginia.
Despite the very strong freight rates and the apparently tight market, the all-important driver for dry bulk shipping, China, has in fact seen imports of its two largest dry bulk commodities shrink year-on-year so far this year. The two largest imported commodities for China, iron ore and coal are h... Please follow the link to continue reading.
During the pandemic retail sales and personal savings have been increasing in tandem and supported US consumer demand for imports from the Far East. Now, retail sales appear to be receding and the question is whether the past two years’ savings will be enough to support continued high import volumes... Please follow the link to continue reading.
Though much uncertainty remains, the immediate commodity price increases and supply challenges caused by Russia’s invasion of Ukraine are likely to be felt throughout 2022. Also, recently implemented sanctions on Russia are not likely to be lifted any time soon. This may have sustained spill-over im... Please follow the link to continue reading.
US retail sales fell to USD 535.9 billion in September, their lowest level since March 2021, and marking the fifth month-on-month decline in retail sales. The 7-month low is partly due to pandemic-induced government spending, aimed at fuelling consumer demand, winding down while spending on services... Please follow the link to continue reading.