23 August 2019
BIMCO's Jeppe Skovbakke Juhl will be one of the moderators on panel session "Digitalisation Sustainability".
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 August 2010
Demand: There is no doubt that the main drivers in dry bulk shipping are beginning to show some muscle; China and perhaps even more so, vessel oversupply in particular in the Capesize segment, is responsible for recent weakness in rates as well as adding doubt to the future.
19 July 2010
Is it true that this is the first time dry bulk carriers have been taken out of the market since the start of the global recession in late 2008
18 November 2010
Shipping Analyst at BIMCO, Peter Sand, spoke earlier this week at the 23rd International Lloyd's List & Lloyd's Shipping Economist Ship Finance & Investment Conference in London, UK on 16-17 November 2010.
14 November 2010
Following the ultimate Sales & Purchase peak in 2007 where vessels valued at USD 40 billion were traded, the last 4 months of 2008 and most of 2009 were comparable sinkholes. Now the secondhand markets are on the rise again and on course to hit a total sales value of USD 20 billion for the full year comprising the three main segments, dry bulkers, tankers and container ships. This represent a rise in sales value equal to almost 60% y-o-y, up from USD 12.7 billion in 2009. With only 10% more ships traded – the secondhand value of the fleets have considerably surged.
13 October 2010
Forecast: BIMCO expects the fourth quarter to be a difficult one, with volumes going down from recent highs. This may also mean idling vessels becomes more normal again as they are removed from stings or simply temporarily abundant as volumes tighten.
During the first half of 2010 the container trade has made a remarkable comeback. Rates have doubled on many routes and volumes have returned from the abyss to the benefit of many owners who have switched from red ink to black as a result of this.
14 October 2010
Global Economy: WTO says that trade is likely to grow by 13.5% in 2010. This is an upward revision of world trade from the March forecast of 10%. The massive growth comes back-to-back with the 2009 decline of 12.2%, and has to be seen in that perspective. However, the news is positive and definitely helpful for the global economy as it struggles to leave the crisis behind and sustain positive growth going forward.
14 February 2010
26 November 2019
The fundamental balance in the market has worsened in 2019 with supply growth outstripping demand, and BIMCO expects that this will continue into 2020.