The LNG sector is currently in a strong growth phase. LNG trade has expanded rapidly over recent years, by an average of 8% p.a. across 2016-18, and a similar rate of growth is expected in 2019-20. As global focus on environmental issues has intensified and efforts are made to increase usage of ‘cleaner’ fuels, there seems to be further significant growth potential for the LNG sector going forwards.

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

The shipping industry has faced some challenging times since the global financial crisis, including some tough markets and for many a difficult financing environment. However, to keep the wheels of the world economy turning shipping still requires substantial investment, and here we track the total in the post-downturn decade 2009-18 – still a cool one trillion dollars!

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

In this week’s analysis, we again update shipping’s mid-year report, reviewing progress across a range of shipping sector “subjects”. Our overall ClarkSea Index increased 8% y-o-y in the first half, to move marginally above the trend since the financial crisis. However while some “subjects” still achieve an “A” for effort, others might have to “repeat a year” unless they sit additional classes over the summer!

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

 

In recent years, much attention has focussed on the major changes that have been taking place in crude trade patterns, including the recent growth in long-haul trade. However, whilst perhaps less-heralded, seaborne oil products trade has also put in a strong performance, after growth began to accelerate from 2004 onwards. In total, products have accounted for 73% of all seaborne oil trade growth 2004-18.

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

There are a range of indicators that can be used to gauge activity in the subsea segment of the offshore industry, including the number of tree awards, the EPC/SURF contractor work backlog and subsea support vessel utilisation trends, for example. Another is the backlog of subsea trees on order at tree fabricators. So where is this indicator now and what might it suggest about the subsea sector generally?

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

Shipping and energy are two central features of the modern globalised economy. Indeed, in 2019 total seaborne trade is projected to exceed 12bn tonnes, while primary energy demand is expected to stand at over 14bn tonnes of oil equivalent: around 1.6 tonnes of seaborne trade and 1.8 toe of energy for everyone on the planet. What is the relationship between these salient features of global economic activity?

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

 

Over the last year or so, it has been clear that risks to the seaborne demand environment have been increasing. While there are still plenty of positive drivers, a number of headwinds have clearly developed, and projections for seaborne trade growth in 2019 have been revised downwards since the start of the year. What factors are having the biggest impact, and where have revisions been most pronounced?

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