Peter Sand

Peter Sand

Peter Sand joined Xeneta in 2021 after over a decade at BIMCO, where he was responsible for analyzing commercial markets based on the global economic situation and its influence on trade. Prior to Sand’s Chief Shipping Analyst role at BIMCO, he worked with D/S NORDEN, a Danish shipping company operating in the dry cargo and tanker segments worldwide, as a Senior Analyst. Throughout his career, Sand has been regarded for his widely read articles and industry insights, as well as his regular appearances on global news networks such as CNN, BBC, CNBC and Bloomberg. He holds a Master’s in Economics from the University of Copenhagen.

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Goodbye 2020, Hello 2021: Peter Sand, BIMCO

We have asked Mr. Peter Sand, BIMCO’s Chief Shipping Market Analyst, to make an assessment of 2020 from his perspective and share his message for the new year across the global community. Among others, Mr. Sand notes that 2021 is likely to be another year of scarce ordering of newbuildings. The industry must carefully protect cash flows, stay close to key costumers and most importantly get crew change done.

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BIMCO: The Shipping market in 2016 and looking forward

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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