SAFETY4SEA Awards
2017
Learn More
SAFETY4SEA Awards
2017
Learn More

Author: Peter Sand

Peter Sand
Peter Sand joined BIMCO in 2009 and holds the position of Chief Shipping Analyst. In this position he is responsible for analysing the commercial markets for dry bulkers, tankers and containerships. Taking the offset in global economics as the analytical starting point for all seaborne trade, he assists management and members with insight into many different aspects of the shipping industry. Peter’s regular reports and focused analytical articles on the shipping market are widely read and have often been referenced in mainstream media. He is at teacher of Maritime Economics at the Danish Shipping Academy as well as guest lecturer at Copenhagen Business School – Blue MBA and Shipping bachelor.

BIMCO: The Shipping market in 2016 and looking forward

ships

The shipping industry has its work cut out going forward in 2017 as the International Monetary Fund (IMF) forecast the lowest level of global GDP growth since 2009. Mr. Peter Sand mentions that 2017 will see another year of die-hard competition, which now includes tankers. In 2016, the container shipping industry bit the bullet in terms of demolition and consolidation to help the market to recover. The dry bulk sector needs to copy that approach.

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