Against the backdrop of a container shipping sector improving ahead of the expectations of many, this week the 1-year TC rate for an “old Panamax” containership reached a 9-year high of $18,750/day, more than 4 years after the opening of the new, wider Panama Canal locks that some believed would usher in a steady demise for the vessels in this sector.

For the full version of this article, please go to Shipping Intelligence Network.

In this week’s Analysis we preview extracts from our latest Fuelling Transition report. Besides our usual update on regulation, technology uptake including alternative fuels, economic impacts and future scenarios, we also present additional analysis on CO2 emissions across the industry (shipping is 2.3% of global emissions), within the main shipping fleets and of individual shipping companies.

For the full version of this article, please go to Shipping Intelligence Network.

Back in April (see SIW 1,418), aggregate port call data helped our “near-term” assessment of the size of the initial “shock” and disruption to shipping market activity from the Covid-19 pandemic. Across the following six months, the data has formed part of our tracking of the ongoing impact (see our ‘Port Call Activity Tracker’ on SIN), and continues to provide context and framework.

For the full version of this article, please go to Shipping Intelligence Network.

The Covid-19 pandemic has had a dramatic impact on the shipping markets this year. Extracted from our forthcoming Shipping Review & Outlook, here we outline the major demand ‘shock’ and initial signs of improvement in some indicators over the summer, as well as the continuation of underlying trends, including the ‘manageable’ supply side and the energy and fuelling transition.

For the full version of this article, please go to Shipping Intelligence Network.

30 years is a long time in any sphere, and an even longer time in a fast-paced industry like shipping. The markets of the 1980s seem dim and distant, with a heroic boom and a few crises in between. However, one thing today looks similar: the “classic” orderbook as a percentage of the fleet ratio, a yardstick for assessing future supply growth, is now, at 7.4%, as low as it has been since 1989.

For the full version of this article, please go to Shipping Intelligence Network.

Discussion around average ship sizes usually focusses on “upsizing” in the fleet and vessel deliveries, following the entry of new classes of even larger ships into the world fleet and also new, larger designs in well-established sectors. However, tracking the average size of vessels being recycled reveals some interesting trends too, related to regulation, market and underlying fleet dynamics

For the full version of this article, please go to Shipping Intelligence Network.

For many years, SIW has been taking economic statistics and arranging them into a “shipping context”. Prime amongst these has been industrial production (IP) growth, a major element of world economic activity and a key driver of seaborne trade. The Covid-19 crisis illustrates how the statistics can help capture shipping’s underlying “macro” backdrop.

For the full version of this article, please go to Shipping Intelligence Network.

While indicators suggest that the impact of Covid-19 on global seaborne trade may have eased a little in recent months (see SIW 1,433), this year overall has undoubtedly been a very difficult period for seaborne demand. However, whilst imports into many regions have decreased significantly, demand in China, shipping’s largest market, has remained robust, with imports recently reaching record highs.

For the full version of this article, please go to Shipping Intelligence Network.

Tracking ‘idle’ containership capacity has become something of an institution in the box shipping sector, particularly in the years since the global financial crisis. Back in early 2009 it was reported that around 11% of all containership capacity stood ‘inactive’. Tracking idle boxship capacity through recent years reveals a similar peak during the Covid-19 crisis, but also a rapidly changing picture.

For the full version of this article, please go to Shipping Intelligence Network.

Covid-19 has had a major impact on global energy markets, and a range of knock-on effects across the shipping industry. The offshore sector has been hit hard, and now faces its third downturn in just over a decade. The offshore markets are diverse and impacts have varied, and our Offshore Market Impact Tracker has been providing regular updates on indicators tracking the key developments.

For the full version of this article, please go to Shipping Intelligence Network.