BIMCO's Shipping Analyst looks at the shipping number of the week. This week: COVID pandemic wiped 24.6 million TEU off container market growth
China’s crude oil imports have doubled from 2011 to 2021 and now account for 20% of global seaborne crude oil volumes.
BIMCO's Chief Shipping Analyst looks at the shipping number of the week. This week: China iron ore imports
Chinese refinery crude oil throughput has reached its highest level ever, with total processed volumes up 12.0% in the first five months of this year compared to 2020, and up 10.9% from the same period in 2019.
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.
BIMCO's Shipping Analyst looks at the shipping number of the week. This week: OPEC production
The closure of the Colonial pipeline which runs from the US Gulf to the US East Coast, has caused a spike in oil product tanker rates on trades to and from the region.
BIMCO's Shipping Analyst looks at the shipping number of the week. This week: Indonesian coal exports
BIMCO's Shipping Analyst looks at the shipping number of the week. This week: China's refinery output
“Fill her up son, unleaded; I need a full tank of gas where I'm headed,” former Police-front man, Sting, sang back in 1999 on his solo album: “Brand New Day”. This country-inspired song could be the anthem for what is coming around next week, as Monday 31 May is Memorial Day in the US; the day that ... Please follow the link to continue reading.
