14 June 2010
The current spot price level from Shanghai to the US West coast indicates that tonnage supply is tight - Freight rates have hiked 23% in 5 weeks
03 December 2019
2020 marks a milestone for the shipping industry with the IMO 2020 Sulphur Cap set for implementation on 1 January 2020. Join BIMCO’s Chief Shipping Analyst, Peter Sand, as he offers his take on what the year will bring for the container shipping segment and the shipping industry in general.
06 September 2016
Severe overcapacity in the market and recently agreed contract rates on the transpacific trade lanes keeps pressure high on the liner companies.
12 September 2016
The shipyards become the next victim of the deteriorating conditions in the dry bulk, container and offshore markets
02 May 2016
In an exclusive interview with “Akti Miaouli” newspaper, BIMCO Chief Shipping Analyst, Peter Sand, provides insight into the markets for dry bulkers, tankers and containerships in 2016 and what to expect going forward.
12 December 2012
Overall Asian exports look weak for the moment, as consumers hold back across the board.
14 February 2012
The development in demand reflects very clearly the slow growth in key areas of the world economy and the poor consumer confidence. Towards the end of 2011, rates on all trades jumped significantly – this was a complete reversal of recent fortunes, as rates jumped upwards by 13-30% week-on-week.
11 April 2012
Towards the end of 2011, we got the first indication that liner companies were winning “the pricing battle” against shippers on the level of freight rates on the main lanes from Far East to Europe and the Mediterranean.
26 February 2020
Low demand growth will continue into 2020, with carriers struggling to increase freight rates enough to cover the additional costs of the IMO 2020 sulphur cap compliance. Fleet growth is lower then last year, but still too high compared to demand growth.
03 September 2018
The capacity of the fleet is growing too fast for the demand to cope with it. All three aspects of the supply side have pushed up the fleet growth – in nominal as well as active terms.