Archives for category: bulkcarriers

While the bulkcarrier sector has recorded extremely impressive market gains so far this year, it has generally been upstaged by the containership sector which has seen a ‘perfect storm’ driving record freight and charter rates. However, with Capesize spot earnings surging to almost $70,000/day for the first time in over a decade, the firmest bulkcarrier markets since 2008 are now firmly back in the spotlight…

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.

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.

With 2020 so far having been clearly dominated by impacts from the Covid-19 pandemic and characterised by major short-term variations in market conditions, in some shipping sectors the second half of the year has so far been shaping up quite differently to the first. The bulkcarrier sector is one illustration of this, with the Capesize market for example having seen different dynamics in recent months.

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.

Covid-19 has led to a major “shock” to seaborne activity, and we are tracking a range of metrics (see Shipping Intelligence Network) that show the immediate demand side impact in varying ways. However, inevitably some focus has also turned to the shape of the potential future recovery – there are clearly many scenarios, and a growing debate, so a framework for further analysis is a useful step.

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

Covid-19 has highlighted how aggregate port call data, whilst sometimes imperfect, can be useful. Regular analysis of daily port calls trends in key countries (see our ‘Port Call Activity Tracker’ in the Covid-19 Reports section on Shipping Intelligence Network) is helping us track the impact of the pandemic, and a broader look at port call data also provides context for understanding the disruption to global shipping.

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

Against a backdrop of this week’s IMO meetings on GHG emissions, tracking the annual CO2 output of the shipping industry is today more important than ever. The world fleet’s ‘footprint’ is estimated at 819 million tonnes of CO2 this year, and IMO targets aim for a 50% reduction by 2050 compared to the 1.0 billion tonnes in 2008 (see SIW 1,391), so putting these figures into some context can be important.

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

One of the notable features of the shipping markets in 2017 was the record level of S&P activity, with reported sales volumes topping 90m dwt in capacity and more than 1,600 units. After a slow start in early 2018, this year’s activity levels subsequently picked up, but indications suggest a slower Q3 than one year previously. Where does this leave 2018 S&P volumes against last year’s record?

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

Shipping analysts spend plenty of time assessing the merits of the capacity in the fleet and the volume of seaborne trade. However, there’s another important aspect of the shipping industry which also tells us something important about market activity. Ports and port calls are the joints that hold the trade network together, the origins and destinations of cargoes and the key locations for the ships that carry them.

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