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The shipping market in 2016 and looking forward

03 January 2017

The shipping industry has its work cut out going forward in 2017 as the International Monetary Fund (IMF) forecast the lowest level of global GDP growth since 2009. 2017 will see another year of die-hard competition, which now includes tankers. In 2016, the container shipping industry bit the bullet in terms of demolition and consolidation to help the market to recover. The dry bulk sector needs to copy that approach.

Dry cargo market report dated 22 September 2023

25 September 2023

Capesize: The Pacific market started with a positive outlook, maintaining healthy cargo volumes driven by substantial coal shipments from East Coast Australia to the Far East. Rates initially increased, but as the week progressed, a notable shift occurred. Owners began contemplating ballasting towards the Atlantic, creating additional pressure in the Pacific market.

Dry cargo market report dated 14 July 2023

17 July 2023

Capesize: This week began on a positive note in the Pacific market, with all three major players actively participating and securing vessels at more favourable rates.

Tankers end 2022 with 78% time charter contribution margin and best 2023 outlook

20 December 2022

What a difference a year makes! At the end of 2021, container ships were enjoying a historically strong market and freight and time charter rates had yet to peak. At the same time, dry bulk ships were seeing multi-year high rates slipping away, although still enjoying better returns than in previous years. However, tanker ships were seemingly still stuck in a COVID market rut without any immediate hopes for a strong comeback.

Dry cargo market report dated 6 May 2022

10 May 2022

Capesize: The Capesize market has made the most of the short working week as rates have lifted strongly, with the 5TC now residing at $24,002 - up $6262 week on week.