14 April 2010
Floating storage is coming down on the narrowing of market contango, but persists in playing an important part in tanker demand
13 June 2010
VLCC freight rates settled down to around USD 45,000 per day in the second half of May but continue at sustainable levels that have been the norm in that market
06 May 2016
Our recommendation remains to balance your exposure to market by seeking a fixture in the time charter market.
25 January 2016
One of the most characteristic developments in 2015 was the declining price of crude oil during the second half of the year. Brent crude oil dropped from USD 57 a barrel (bbl.) on 1 July to hit USD 37 a bbl. on the last trading day in 2015.
04 January 2016
2015 never really took off, even though the global economic activity looked stronger earlier in the year. The negative indicators seen at the end of 2014 were not overcome, and we saw a significantly lower level of growth for global GDP in 2015 than in the previous five years. This was primarily due to the struggling emerging markets and developing economies, led by changes in China’s economic focus.
22 January 2016
2016 continues where 2015 ended, with all eyes on China. This is mainly because of uncertainty surrounding the development of the world’s second-largest economy. When the first day of the Shanghai Stock Exchange of 2016 closed prematurely, the trading results echoed around the world. It warned us that we are in for a rough ride in 2016.
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.
11 December 2013
As we are about to call it a day on 2013, we can now look back at a year that we are happy to say good-bye to, as it disappointed us. One year ago, 2013 was proclaimed to be a year with stronger growth than the one we had just left. Today, we are predicting the same thing in 2014, which is estimated to be just as good at 2013 was supposed to be.
11 December 2013
The freight market for VLCCs was surprisingly strong in November, building on top of a rally starting back in September from very sluggish levels. There is a significant influence from seasonality behind this as Asia, and the northern hemisphere in general, prepare for Winter.
11 April 2013
The first couple of months have been challenging for all ship sizes, but what was expected to become an extraordinary difficult year for Panamax owners has so far proven to be a somewhat positive surprise.