As the shipping industry embarks upon an unprecedented programme of investment and fleet renewal in order to meet emissions targets, we have been profiling progress so far in the uptake of Alternative Fuels, ESTs, “Eco” engines, scrubbers and port facilities (see SIW 1,450, 1,452). This week we drill down on progress in the bulkcarrier sector, a segment accounting for a significant 35% of global fleet tonnage. .

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

Whilst most offshore vessels have been burning MGO for many years with benefits in terms of reduced NOx and SOx emissions (relative to HFO), efforts to transition to cleaner, lower carbon fuels are increasingly evident. The first adoption of LNG fuel was by Norwegian players, but there are now slow signs of interest in a range of alternative fuel options, from owners and charterers in a range of regions. 

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

Despite Covid-19 related disruption early in 2020, repair market activity stabilised quickly last year. This week’s Analysis profiles trends in repair yard work, impacted by regulations including the Ballast Water Management Convention and IMO 2020. Meanwhile, trends related to shipping’s GHG emissions and its wider ‘Green Transition’ look set to offer significant future repair yard work opportunities.

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

Last week SIW reported that the world shipping fleet (100+ GT) had crossed the 100,000 vessel mark for the first time (see page 14). This week we mark this impressive milestone by taking a look at the world fleet’s progress to six figures, the key statistics as it reached this mark and the components of the fleet’s expansion, before reflecting on the potential nature of the fleet’s future development…

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

The shipping markets have seen major short-term variation and clear examples of ‘disruption upside’ since the onset of the Covid-19 pandemic. Notably in recent times, container shipping markets have surged (see SIW 1,454), and the gas carrier markets are another sector which saw a markedly positive period. Rates are now falling back, but the spike was notable given the pressures seen earlier in 2020.

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

As part of our Green Transition work, this week’s Analysis reviews a rapidly growing market with huge potential: Offshore Renewables. 2020 was a record year for start ups (18 farms, 5.6 GW) and, for the first time, CAPEX committed overtook offshore oil and gas ($51bn vs $41bn). Investments into the “wind” fleet are also gathering pace, with pressures to limit emissions and be “green” across the supply chain.

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

The start of 2020 was a time of cautious optimism for offshore vessel owners. A trend towards slow market rebalancing had prevailed across 2018/19, and hopes were for a continuation of this. Covid-19’s arrival, however, soon changed the narrative. Low oil prices, slumping global oil demand and necessary production cuts have weakened markets, leaving 2020 a year to forget for owners and operators alike.

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

Our annual liner review looks back on a year of dramatic trends in the container shipping sector in both directions. Covid-19 dominated the dynamics, creating major disruption and initially a heavily negative impact on trade flows and markets. But by the end of 2020, the sector was amongst the best performing across shipping, and both the box freight and vessel charter markets were celebrating new highs…

For further information, please see the Shipping Intelligence Network.

In a tough year for shipbuilders, orders dropped by a third but a flurry of orders at year end contributed to the most active quarter since early 2018. Global production slipped to its lowest levels in 15 years but, at still over 85% of 2019 levels, yards showed good resilience given Covid-19 challenges and continued consolidation. Reflecting the Green Transition, alternative fuel orders increased to 29% of the orderbook.

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

After a uniquely challenging year for the shipping industry, our first Analysis of the year reviews some of the dramatic trends from a Covid-19 dominated 2020. Benefiting from elements of “disruption upside”, our cross-segment ClarkSea Index actually ended the year down only 2% y-o-y, experiencing its second highest year since 2010 (after 2019) despite global seaborne trade falling 3.8% to 11.5bn tonnes.

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