The car carrier sector was amongst the parts of the shipping industry hardest hit by Covid-19 last year, as car manufacturing ground to a near halt, dealerships closed their doors, and the global economy tipped into a steep recession. However, the sector has since seen an impressive rebound, with trade volumes picking up firmly, idle vessels being reactivated, and market conditions strengthening notably…

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Last week we reported on a milestone for the ClarkSea Index (May was the best month since before the global financial crisis), and this week we take a look at one of the key elements: the record breaking performance in the containership sector. In recent weeks our Containership Charter Rate Index has reached a new record level, surpassing the previous high seen back in 2005.

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

Earlier this year (see SIW 1,467) we reported on our cross-segment ClarkSea Index laying down a new marker, with the average in Q1 the strongest for over a decade. Since then, with positive sentiment enduring in many shipping sectors, progress has continued and we now have another milestone to report: in May-21, the ClarkSea Index averaged its highest level since Sep-08, before the financial crisis.

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

A year on from the peak impact of Covid-19 on world seaborne trade, overall volumes have made a strong recovery, returning to positive year-on-year growth territory earlier this year. Following the major variations within 2020, comparing volumes so far this year to the pre-Covid period provides a useful indication of which sectors of trade have seen the firmest recovery and which still have ground to make up.

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

Contracting activity started to tick up in Q4 2020, and this trend has continued in the opening months of 2021. Ordering has been led by the containership sector, while the Fuelling Transition is continuing to have an impact. Comparing order volumes to previous years can help put current activity into context, as well as shedding some light on potential trajectories

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Activity across the shipping industry has seen huge volatility across the last 12 months. Whilst cargo volumes have recovered strongly after initial Covid-19 disruption, offshore markets experienced a more acute initial contraction in activity and more widespread market stress. More recently, however, there has been improved offshore oil and gas activity and hopes that the market may have turned a corner.

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

Our reporting on the ‘Fuelling Transition’ (see our 5th update on World Fleet Register) has illustrated how slower average vessel speeds have helped shipping take some initial steps towards a lower carbon future. Although vessel speeds in some sectors are currently rising against a backdrop of improved markets, this is still in the context of a long-term downward trend.

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

With the shipping industry set to embark on an unprecedented programme of investment and fleet renewal as part of efforts to cut emissions, we have been profiling the uptake to date of Alternative Fuels, ESTs, ‘Eco’ engines, scrubbers and port facilities across the major shipping sectors. Here we drill down on the tanker sector, where there are recent signs of progress, albeit with a long way to go…

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Last week we reported on some of the recent dramatic swings in asset pricing (see SIW 1,468), noting that these shifts were taking place against the backdrop of an extremely active S&P market. Indeed, after recovering quickly and robustly from the lows of Q2-20, the volume of secondhand sales has jumped to new records in recent months, with the March total an all-time high.

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

In addition to the variations in vessel earnings following the impacts of Covid-19, there have also been some dramatic swings in asset prices. Against the backdrop of a record surge in secondhand sales activity in recent months, a review of the high-level trends makes compelling reading for asset players, and highlights the magnitude of some of the vessel price dynamics.

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