Archives for category: Bulker

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.

2020 has seen major disruption to the shipping markets and a “shock” to seaborne trade. Volumes in many sectors are now returning, but on a full year basis global seaborne trade is still set to have fallen (latest estimate: -3.6% in tonnes) . However, one underlying trade trend of recent years has sustained, with the “average haul” of seaborne trade looking set to have increased for the fifth consecutive year.

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

Every year, readers of Shipping Intelligence Weekly are invited to submit their predictions of the value of the ClarkSea Index at the start of November the following year. Of course none of our entrants could have predicted the major challenges and disruption seen across the shipping industry this year, but it can still be useful to review where sentiment was a year ago and how the markets have evolved since.

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

This year so far has seen major disruption to seaborne trade volumes from the Covid-19 pandemic (see SIW 1,443), but significant trends have also been apparent on the supply side. Despite underlying fleet growth, trends in floating storage, scrubber retrofitting, and ‘idle’ boxship capacity have led to sometimes dramatic developments in ‘active’ fleet capacity in the major sectors over recent months.

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.

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.

Covid-19 has led to a major “shock” to the shipping markets, and tracking the impacts has brought a range of metrics, including new “near-term” data, into close focus (see our Shipping Market Impact Tracker on SIN). One statistic, however, which has not received quite so much attention this year has been average vessel speed, but with half of the year completed it’s a good time for an update.

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

In these extraordinary times, the cancellation of school exams has been one of many unprecedented events. As we examine performance in our half year report, this is not an option for the shipping industry as it battles through the many challenges (and some upside) that Covid-19 has brought: a severe 5.6% drop in seaborne trade; a 10% drop in port activity; sharp declines in demolition and newbuild ordering.

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