The shipping number of the week provides numbers with a brief analysis of relevant developments in the shipping markets.
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We estimate that the crude tanker fleet’s capacity will grow 0.5% in 2024 and 1.2% in 2025. Since the 2nd quarter of 2023, there has been renewed interest in contracting of new ships. The order book has increased 160% to reach 34.3m deadweight tonnes and now equals 7.4% of the trading fleet. Howe... Please follow the link to continue reading.
BIMCO's Shipping Analyst looks at the shipping number of the week. This week: Cargo volumes in Red Sea area drop 21% due to attacks on ships
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BIMCO's Shipping Analyst looks at the shipping number of the week. This week: 13% of world seaborne trade under attack from Houthis and Somali pirates
For crude tankers, we forecast that the supply/demand balance will tighten further during both 2024 and 2025. Low fleet growth, along with increasing sailing distances, create the foundation for the improvement despite a slowing of growth in oil demand. The product tanker supply/demand balance is... Please follow the link to continue reading.
We estimate that crude tanker demand will increase by 6.5-7.5% in 2024 and 2-3% in 2025. Cargo growth is forecast to be 2-3% in 2024 and 1-2% in 2024. Increased sailing distances due to the Red Sea crisis are expected to lift demand in the first half of 2024, whereas the continued shift of crude sup... Please follow the link to continue reading.
