The World Health Organization (WHO) has declared the outbreak of the novel coronavirus a pandemic. There is little doubt that this will have significant implications for the shipping industry. But to what extent? BIMCO expects that the strict containme…
The Shipping Industry Is Not Immune To A Pandemic Read More »
Crude oil prices plunged by more than a third in the past week after OPEC+ failed to agree on production cut as demand softened in the aftermath of coronavirus (COVID-19). In its recent report, the IEA estimates global oil demand at 99.9 mbpd in 2020, …
Volatility to increase in tanker market following oil price war Read More »
Ship owners have pushed forward with more newbuilding contracting activity this week, but deals in the S&P market appear to be dwindling. In its latest weekly report, shipbroker Intermodal said that “a healthy number of orders surfaced for a second…
Newbuilding Orders on the Rise, But S&P Deals Scarce Read More »
The coronavirus pandemic is impacting global shipping demand for 2020 negatively. The speed of the virus spread makes it difficult to assess the full consequences. Nevertheless, we see a need to update our 2020 forecast to make some of this massive unc…
BIMCO revises 2020 forecast for main shipping markets Read More »
VLSFO quality remains a headline IMO2020 topic. As suppliers are getting more experienced at producing VLSFO blends, the proportion of off-spec tests has been declining, although certain quality concerns remain. One of these is the reduction in viscosi…
Should the industry worry about decreasing VLSFO viscosity? Read More »