16 February 2011
Right now, all eyes seem to be on the Suez Canal as Egypt faces political unrest. Events have pushed the oil price above USD 100 per barrel for Brent crude
25 February 2020
High fleet growth in 2019 and the coronavirus in China are clouding the outlook for 2020, despite the expected lower fleet growth.
20 April 2020
Members of OPEC and allies (OPEC+), agreed to a historic production cut of 9.7 million barrels of crude oil per day (m/bpd) to reduce the massive production overhang and set a price floor to limit the fall in oil prices.
30 May 2018
The impact of the sanctions against Iran and global stockpile levels are two factors to watch out for.
03 May 2018
A “Power panel” debate on the dry bulk and oil tanker shipping markets, including the 2020 global sulphur cap experiment. Sign up here
01 March 2018
BIMCO’s Chief Shipping Analyst will be visiting Singapore to be the moderator at BIMCO’s own seminar and networking event “Crude Oil Tankers: Road to Recovery”. Peter Sand will furthermore be participating in Maritime CEO Forum and a panel discussion at the 15th edition of Asia Pacific Maritime Conference. All three events are hosted in Singapore and will take place on 13-15 March 2018.
27 October 2009
Looking for a seasonal pick up while suffering unsustainable rates. Demand: According to figures from the International Energy Agency, global oil demand peaked in 2007 and is forecast to have bottomed out in the second quarter of 2009.
05 May 2017
January struck an upbeat tone for demolition in all sectors, but the overall pace of fleet renewal, via demolition, has slowed down since then.
30 January 2017
From a crude oil market perspective, 2016 can be summed up as “eventful”. In January, the international sanctions on Iran were lifted, resulting in a very swift increase of their oil production capacities and subsequent re-entry into the global oil export market.
31 October 2017
In 2019, global oil demand is forecast to pass the symbolic 100 million barrels per day threshold (International Energy Agency). Developing countries account for almost all of the growth and Asia dominate.
BIMCO stated in its forecast for 2017, that the tanker demand growth for 2017 is expected to come predominantly from the greater Asia region, led by China. China has met expectations by ramping up its import of seaborne crude oil by 13% for the first nine months of 2017 compared to the same period last year. As China is importing crude oil from further afield in 2017 than in 2016, the tonne miles generated has surged 18%.