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 ..
Author: BIMCO
The outbreak of the novel coronavirus, recently dubbed COVID-19, continues to generate massive economic and financial uncertainty when it comes to China and global shippi ..
This year – 2018 – has delivered as promised. The improved fundamental market conditions in the first three quarters of 2018 have seen the Baltic Dry Index (BDI) rise ..
Geopolitics is the dominating variable in the tanker market these days. With the OPEC+ negotiations falling apart and Saudi Arabia initiating an oil price war, the crude ..
The fundamental balance in the dry bulk shipping market has worsened in 2019 with supply growth outstripping demand, according to BIMCO, which expects that this will cont ..
This year – 2018 – has delivered as promised. The improved fundamental market conditions in the first three quarters of 2018 have seen the Baltic Dry Index (BDI) rise ..
Even before the effects of the coronavirus, the “Phase One” agreement between China and the US failed to boost volumes of the implicated goods in January. In ..
The International Monetary Fund (IMF) has revised down its predictions for global growth in 2019 and 2020. It forecasts growth to be 3.5 per cent in 2019 and 3.6 per cent ..
Crude oil tanker freight rates made an exceptional comeback in October. Monthly average earnings for a VLCC in April and May were below US$4,000 per day; in June and July ..
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