Tanker Shipping - Will freight rates improve in 2011? – Demand growth appears not to support this! 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 Market analysis Tanker
Tanker shipping: freight rates drop as strong seasonality fades and high fleet growth and coronavirus uncertainty hits 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. Market analysis Market reports Macro Tanker
OPEC+ production cuts will end profitable crude oil tanker journeys 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. Market analysis Market reports Tanker Container Dry cargo
Tanker shipping: added uncertainty is not helpful to the struggling tankers 30 May 2018 The impact of the sanctions against Iran and global stockpile levels are two factors to watch out for. Market analysis Tanker
Free BIMCO 'power panel' debate at Posidonia 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 Market analysis Dry cargo Tanker
Meet BIMCO’s Chief Shipping Analyst in Singapore 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. Market reports Market analysis Container Dry cargo Tanker
Tanker Shipping 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. Market analysis Tanker
Upbeat crude oil tanker demolition goes against general trend 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. Market analysis Container Dry cargo Tanker
Tanker shipping: A strong season lifts crude oil tankers before it is expected to hit the fan in 2017 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. Market analysis Tanker
Chinese crude oil demand needs 45 additional VLCC’s to support growth 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%. Market reports Market analysis Tanker
