Sunday, September 26, 2021
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 managements, members and clients with insight into many different aspects of the global shipping industry. Peter’s regular reports, focused analytical articles and insightful comments on the shipping market are widely read and have often been referenced in global mainstream media. Teacher of Maritime Economics at the Danish Shipping Academy as well as guest lecturer at Copenhagen Business School: Blue MBA and BSc International Shipping and Trade. During the rise and fall of the shipping markets Peter gained experience in the fields of shipping analysis, executive assistance, caretaking of investors and the art of transforming data and statistics into overviews and forecasts. Prior to his career in BIMCO, he worked for the dry bulk and product tanker company D/S NORDEN. Peter holds a Master’s Degree 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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