Archives for category: Bulkers

Weighted across shipping sectors representing over one billion gross tonnes, the ClarkSea Index is a powerful “barometer” in tracking the overall “health” of the shipping industry. In the twenty years since we launched the index, we have periodically made revisions to the underlying assumptions so that the index continues to helpfully reflect the nature of the world fleet that moves the majority of world trade.

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

It’s the time of year when many of us are in a race to conclude our purchases in time for the holiday season, but shipowners have been busy shopping throughout the year. Both newbuild and secondhand spending have been on the rise, as notable ‘pent-up’ demand combined with attractive markets in many sectors has increased owners’ appetite for tonnage.

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

This week’s Shipping Intelligence Weekly is Issue Number 1,500, which provides an ideal opportunity to look back at how the shipping sector has evolved over the last 500 issues since December 2011, as well as all the way back to the very first issue in early 1992. As Clarksons Research statistics show, there’s been plenty to track, including continued growth in the size of the industry since issue 1,000…

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

The world shipping fleet has grown by >39,000 vessels since start 2000, and by >6,000 in the last 5 years (expanding by 7%, and 17% in GT). However, growing vessel numbers has not been a uniform trend across maritime. Notably, key offshore sectors are seeing unit numbers drop, and some shipping segments have also seen numbers ease. Here we take a closer look, and consider some of the drivers.

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

Connecting the Atlantic to the Pacific, the Panama Canal has been an important waterway for global shipping since the inaugural transit in 1914, and the opening of new, expanded locks in 2016 enabled larger vessels to transit. Today, vessel movements data allows us to track transits on a day-to-day basis, providing insight on specific trends at the Panama Canal, as well as at a sector and macro level.

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

On a number of occasions this year (see SIW 1,475 and SIW 1,467) we have reported on our cross-segment ClarkSea Index marking new milestones, including reaching the highest level since September 2008, before the financial crisis, back in May. Since then, the ClarkSea Index has recorded even more notable gains, and at the end of August stood in the top 2% of all values recorded over the last 30 years.

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

Global seaborne trade has seen a strong rebound in 2021 so far; volumes were up c.4% y-o-y across Jan-July, according to our Monthly Global Seaborne Trade Indicator. However, with recent y-o-y trends distorted by significant short-term swings in trade last year, taking a look at our selection of volume indicators helps to track the progress so far on the road to regaining pre-pandemic trade levels…

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

Having fluctuated only fairly moderately through most the 2010s, the value of the world shipping fleet has risen sharply in 2021 so far to reach an estimated ~$1.2 trillion. Alongside longer-term trends, this notable uptick has largely been driven by increasing asset values, with impressive market conditions in key sectors pushing vessel prices upwards and also impacting the distribution of value across the fleet.

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

Covid-19 has created some huge challenges for the shipping industry, but the shipping markets have seen an impressive rebound and notable “disruption upside”. Since the onset of the pandemic we’ve reported on some extraordinary market dynamics, including some spectacular earnings this year and major asset price swings. This week we put this in the context of returns seen on pre-crisis investments.

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

Our half year shipping review (see SIW 1,479) profiled “some exceptional individual markets”, and 1H 2021 certainly illustrates how progress in some sectors has been boosted by disruption. Port congestion has hit the headlines and led to notable “disruption upside” for containerships and bulkcarriers in particular. Here we look at some trends indicative of capacity tied up in the various bottlenecks.

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