Tanker shipping: sky-high freight rates have given way to a profitable winter market supported by the fast-approaching IMO 2020 Sulphur Cap 25 November 2019 BIMCO expects freight rates will once again come under pressure after the end of the high seasonal demand in Q4, as well as the boost from the sulphur cap. The fleet growth of 6.3% in the crude oil tanker market and the 4.8% growth in the oil product fleet will have its consequences on the supply and demand balance. Market analysis Market reports 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
Tanker deliveries are soaring as demolitions hit decade-lows 16 October 2019 Delivered tonnage of crude oil tankers have grown by +37%, whereas total fleet demolitions for 2019 have slumped to the lowest in a decade with a reduction of 52% from the year before. Market analysis Macro Tanker Dry cargo
Macro Economics: Continuing low GDP growth reduces output, demand and investments 06 May 2016 On 12 April 2016, the International Monetary Fund (IMF) released its updated World Economic Outlook stating that future economic prospects are now so poor that an immediate, proactive response is called for. Market analysis Macro
Macro Economics: Uncertainty in Asia echoes around the world 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. Market analysis Macro 2016
Tanker Shipping - Recent positive development spurs optimism amongst crude tanker owners as VLCC earnings remain comfortable 11 April 2012 The positive demand picture that was firming freight rates on benchmark routes in all crude tanker segments towards the end of 2011 and the first two months of 2012 is still hanging around. Almost the same – that is, as Aframax tanker have seen earnings on the benchmark route in the North Sea drop during February to touch the ground before taking rates to currently USD 10,500 per day. Market analysis Tanker
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
BIMCO revises 2020 forecast for main shipping markets 18 March 2020 The coronavirus pandemic is impacting global shipping demand for 2020 negatively. Market analysis Macro Dry cargo Container Tanker Coronavirus - COVID-19
BIMCO to offer insight on coronavirus impact on shipping markets 23 March 2020 Amid massive market uncertainty, BIMCO has analysed the potential implications of a pandemic for the commercial shipping markets and Chief Shipping Analyst, Peter Sand, will deliver the insights in a string of webinars in the coming weeks. Market analysis Macro Dry cargo Container Tanker Coronavirus - COVID-19
