BIMCO CEO

Container Shipping Has A Profitable Year Amidst COVID Challenges

There is money to be made by both carriers and tonnage providers as volumes defy usual seasonality and remain strong into the fourth quarter of the year, writes BIMCO CEO, Peter Sand in an article published on their website.

On top of that, low bunker prices –, one of the keys to high profitability this year – look set to stick around.

However, with COVID-19 cases on the rise again, and a slow recovery the outlook for next year, things aren’t all rosy for container shipping.

Demand drivers and...

https://mfame.guru/container-shipping-has-a-profitable-year-amidst-covid-challenges/

Freight Rates Slump To 12 Month Low As Oil Production Cuts & Demand Sets In

A stunningly strong 12 months for the tanker shipping industry is now being replaced by lower freight rates, as lower oil production and demand sets in across the globe, writes BIMCO CEO, Peter Sand in an article published on their website.

Only China bucks this trend with record-high crude oil imports, benefiting from the low oil price. Given the global recession and lower transport demand, however, the tanker industry is set for some challenging months.

Demand drivers and freight rates
  • Crude...

https://mfame.guru/freight-rates-slump-to-12-month-low-as-oil-production-cuts-demand-sets-in/

Containerships Beating Tankers on Scrubber Retrofits

  • As the 2020 debate shifted from scrubbers to covid19, a steady uptick in scrubber retrofit is seen
  • Containerships seem to have opened up to it and is quite surpassing tanker retrofits
  • despite longer time of scrubber retrofit in containerships, shippers are going for it
  • scrubbers have become an economically sound option says, BIMCO CEO, Peter Sand

As 2020 moves towards its end, a new champion of scrubbers are emerging, says BIMCO CEO, Peter Sand in his new article published on the company...

https://mfame.guru/containerships-beating-tankers-on-scrubber-retrofits/

Oil Tanker Market Driven By External Forces Like Geopolitics: BIMCO

Crude oil and product tanker markets alike have faced high volatility in recent weeks and months, largely due to geopolitics and the constantly evolving situation in the global oil markets, writes BIMCO CEO, Peter Sand, in an article published on their website.

Freight Rates Driven By External Forces?

The first major disturbance since the fall in the oil price between Q4 2104 and Q1 2016 came in the fourth quarter of 2019, after which freight rates have bounced back despite a collapse in demand.

In...

https://mfame.guru/oil-tanker-market-driven-by-external-forces-like-geopolitics-bimco/