Macroeconomics: World growth and trade volumes under pressure, but still positive 25 November 2019 A continued slowdown in global growth, as well as a lower trade multiplier will reduce overall demand for shipping for the rest of this year and through 2020. Market analysis Market reports Macro
Tanker shipping: The expected negative change of market balance is taking its toll 5 Sept. 2016 05 September 2016 Demand. Lower growth rates for refinery throughput and drawdowns on swollen oil stocks has impacted the seaborne tanker market negatively. BIMCO expected this to happen... Market analysis Tanker
From Beijing 2008 to London 2012 – Reflections on four extra-ordinairy years in the shipping industry and looking beyond 05 September 2012 All stakeholders in shipping realize that the business is cyclical, and the most important challenge is to predict the ups and downs and plan accordingly. But few had in their wildest fantasies predicted the financial crisis that hit the world four years ago, and the significant drop in cargo volumes and the major impact this had on all shipping markets. Market analysis
Macro Economics - Without the political responsibility, will and decisiveness, the prospect for a recovery is bleak 14 August 2012 As we approach the fourth anniversary of the start of the global financial and economic crisis the outlook continues to be bleak. The V-shaped recovery is now ancient history and the sustainable growth level that we hoped would settle high continue to show a sideways or even descending trend. Market analysis Macro
Macro Economics - Recent die-hard optimism is being shadowed by dark clouds partly created by political problems. Key figures are falling short of expectations, but the direction is alright 13 June 2012 The recent optimism has fortunately not completely evaporated following the latest series of less positive economic indicators from across the globe, including India, the US, Brazil and Spain. The EU debt situation creates a lot of uncertainty, not only as regards economic development but also regarding the political situation on both sides of the Atlantic Basin. Market analysis Macro
Macro Economics - Political leadership must clear the uncertainty about the future to stabilize consumer confidence ... 14 February 2012 ... paving the way for a growth scenario, as the dark clouds just won’t go away before that happens. As the world continues to deal with severe economic challenges – a very fragile world economy and high volatility in the financial markets – the IMF slashed its forecast for global GDP growth across the board. Market analysis Macro
Macro Economics - The US is jeopardising the global recovery as job creation remains top challenge across the board 15 August 2011 While growth in most emerging and developing economies continues to be strong, slowdowns caused by the devastating earthquake and tsunami in Japan, weaker than expected activity in the US and shocks to oil supply weighed on the global expansion in the second quarter of the year, the IMF said recently. Market analysis Macro
Libya getting back into tanker business 25 August 2011 Hope for resumed activity in the oil tanker business is growing as the rebellion in Libya appears to be near a conclusion. Tanker shipping has been hurt by the lack of cargoes out of Libya for half a year now. Oil majors and oil service companies are right now getting back to Libya to assess the conditions of the facilities. It is hoped that the oil production can restart soon, opening up for renewed fixing of tankers to lift Libyan oil exports. Without Libyan oil exports, there is no hope for improvements in the tanker rates in the Mediterranean. Market analysis
Macro Economics - Mixed global growth trends and modest job creation generates a very challenging setting 13 December 2011 By looking at the JPMorgan Global Manufacturing & Service PMI, it is clear that global growth is under pressure, as PMI output reaches the lowest level since mid-2009. The PMI data shows that global private sector output expanded at the weakest rate since the recovery began in August 2009. At 51.4, down from 52.0 in September, the output index indicated only a modest increase in economic activity. Market analysis Dry cargo
Tanker Shipping: Winter is coming, random shocks can be powerful, but only fundamental improvements last 20 November 2018 The continued severity of the tanker market conditions has made owners dig deep into the oversupply of capacity. Still BIMCO expects the tanker fleet to keep growing. A short-term rate recovery is not expected, as it is ‘maintenance season’ for the global refining industry in September and October. Market analysis Tanker
