Meet BIMCO’s Chief Shipping Analyst at the Argus Fuel Oil Summit 2019 in Miami, Florida, US 25 September 2019 Join Peter Sand at the Argus Fuel Oil Summit in Miami, Florida, US. The Chief Shipping Analyst will be participating in the panel discussion: 2020 is rapidly approaching – are shipowners prepared? Market analysis Tanker
Record high seaborne US crude oil exports in June 2019 27 August 2019 The highest US crude oil exports to China in 11 months lifted total seaborne US crude oil exports to a record high at 11.9 million (m) tonnes in June 2019. Market analysis Tanker
Tonne miles from US crude oil exports drop dramatically in April 27 June 2019 April was a disappointing month for the crude oil shipping industry with a dramatic fall in US crude oil exports which caused tonne mile demand to fall disproportionally. Market analysis Macro Tanker
US seaborne crude oil exports hit record high for fifth month in a row 09 April 2019 US exports of crude oil have, since August 2018, continued to rise every month, with a new record high in January of 9.6 million tonnes. Market analysis Tanker
IMO2020: Market uncertainty brings more fuel oil price volatility 07 November 2019 The oil market has recently been shaken up by geopolitical events, but volatility in the price difference between low and high sulphur fuel cannot be explained by that alone – the uncertainty is the chaos factor. Market analysis Market reports Bunkers
Troubled waters below the surface for crude oil tankers 29 September 2010 The shift in oil demand is causing shorter sailing distances, so in order to maintain the fundamental balance with the present fleet in the tanker markets, the oil demand has to grow twice as much in the East as the oil demand shrinks in the West. Market analysis
Tanker Shipping - Oil demand is growing - but freight rates stay subdued as vessel supply is plentiful 09 December 2010 Crude oil has been trading in the USD 70-90 per barrel band for almost a year now. Oil prices crossed the USD 90 per barrel threshold in May Market analysis
Tanker Shipping - global oil demand disappoints expectations 12 December 2012 Persistent weakness in Europe and the impact of Hurricane Sandy led to the International Energy Agency (IEA) cutting its global oil demand forecast for Q4-2012 down to 90.1 million barrels per day. Market analysis Tanker
Tanker Shipping - Global decline in oil demand and oversupply creates challenging start of 2012 14 February 2012 Overall oil demand declined by 0.3 million barrels per day y-o-y in Q4-2011 as the global economy weakened and the winter season did not provide low enough temperatures to stimulate demand. As we have just left 2011 behind us, the final estimates for demand growth stay preliminary for the time being at 3% for product tankers Market analysis Tanker
The average age of demolished crude oil tankers hits 21 – not much room left for demolition balancing the market! 22 May 2012 Crude oil tanker tonnage in the size range from Aframax to VLCC is now recycled at the age of just 21, a level not seen since 1995. The poor freight market now increasingly impacts the segment of more mature tankers, effectively reducing the room for more demolition to balance the market. Market analysis Tanker
