Archives for category: Clarksons Research

2021 looks set to be a marquee year for shipowners in many sectors, with recent Analysis in SIW 1476 and SIW 1492 exploring the impact of surging containership and bulkcarrier earnings. On the other side of the coin, the recovery in shipping markets has also sparked something of a resurgence in newbuilding activity. After the first three quarters of the year, how are shipbuilders faring so far?

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

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.

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.

The last few years have seen lower volumes of recycling out of the global fleet for a variety of reasons, and remarkably strong markets in some sectors, added to Covid-19 related disruption, have kept volumes subdued in 2021. However, one part of the fleet has become a more common sight at breaking yards, as tough markets, despite recent improvements, have led to increased offshore vessel scrapping.

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.

A year ago the Sale and Purchase (S&P) markets were struggling with huge Covid-19 economic uncertainty and the wide ranging logistical challenges of delivering a ship. While difficulties remain (especially around crew transfer), sales volumes have picked up to record levels with over 84m dwt of tonnage bought and sold in the first half and, in some segments, “eye-watering” asset value increases.

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

Shipping markets have seen major variation in recent times, not least as a result of the wide ranging impacts from Covid-19. Whilst there have been numerous ‘complexities’ impacting market trends over time, vessel earnings have also continued to vary markedly across ships of different generations or fitted with various technologies, demonstrating the importance of tracking increasingly ‘tiered’ markets.

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

Earlier this year (see SIW 1,467) we reported on our cross-segment ClarkSea Index laying down a new marker, with the average in Q1 the strongest for over a decade. Since then, with positive sentiment enduring in many shipping sectors, progress has continued and we now have another milestone to report: in May-21, the ClarkSea Index averaged its highest level since Sep-08, before the financial crisis.

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

With the shipping industry set to embark on an unprecedented programme of investment and fleet renewal as part of efforts to cut emissions, we have been profiling the uptake to date of Alternative Fuels, ESTs, ‘Eco’ engines, scrubbers and port facilities across the major shipping sectors. Here we drill down on the tanker sector, where there are recent signs of progress, albeit with a long way to go…

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

Last week we reported on some of the recent dramatic swings in asset pricing (see SIW 1,468), noting that these shifts were taking place against the backdrop of an extremely active S&P market. Indeed, after recovering quickly and robustly from the lows of Q2-20, the volume of secondhand sales has jumped to new records in recent months, with the March total an all-time high.

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