Archives for category: Clarksons

Relations between the US and China have been back in the headlines recently, with tensions seemingly on the rise once more. For the shipping industry, the US-China ‘trade war’ was one of the key issues of 2018-19, and the ‘phase one’ trade deal in early 2020 was an encouraging sign that US-China trade could pick up. But with Covid-19 dominating trends in the year to date, how have volumes fared so far?

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.

Three weeks ago, Shipping Intelligence Weekly considered the effect of global efforts to moderate climate change, and the potential maritime impacts of ‘energy transition’ and decarbonisation (see SIW 1,422, 15th May 2020). This week’s Analysis continues the story, looking at scenarios for the future shape of energy production offshore which may play out as patterns of world energy use evolve.

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

That recent times have been a good demonstration of shipping market volatility comes as no surprise. There have been more than enough major events to drive significant fluctuations in our ClarkSea Index, and the statistics make this clear. Developments in the tanker sector have recently dominated the index trend in terms of volatility, but that doesn’t mean that every sector has followed quite the same storyline… 

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

The ‘shock’ to the world economy from the Covid-19 pandemic is exerting clear pressure on seaborne trade. Significant uncertainty remains over the outlook, but current projections suggest the sharpest fall in global seaborne trade for over 35 years in 2020. However, impacts vary across the shipping sectors, with some commodities appearing more heavily exposed to disruption than others.

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

 

In our March semi-annual report, we cited satellite imagery of reduced pollution as economic activity slowed as a “stark reminder of climate change”. In this week’s Analysis, we look at some of the challenges (and opportunities) the shipping industry potentially faces with its cargo base, changes in offshore activity and in reducing its own emissions footprint through fuel transition, technology and regulation.

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

As observed in our Shipping Market Impact Assessment (see SIN), some sectors of economic and seaborne activity are more heavily exposed to the impacts of Covid-19 than others. Previous Analysis has, for example, focussed on global oil demand (SIW 1417), and here we consider the effects on global container trade, the magnitude in a historical context, and the potential nature of the impact as it develops.

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

With Covid-19 generating major disruption to the world economy and shipping industry, in recent weeks our Analysis has often focussed on demand side “shocks”. However, a range of supply-side impacts are also taking place, with key metrics changing rapidly. Activity is down across shipyard output, newbuild ordering and vessel demolition, with the risk profile evolving as the impact of the pandemic has spread.

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

The impact of the spread of Covid-19 in Q1 2020 on the energy markets has contributed to a significant shift in the outlook for the offshore industry, as well as the wider oil and gas sector. Operators have shifted rapidly from planning modest increases in CAPEX budgets to making swingeing cuts, and major offshore projects are being delayed and cancelled as a result.

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

 

Hard to believe it’s only six months since we reported the sanctions driven “super-spike”, and harder still to think it’s only six weeks since the collapse of OPEC+ talks took rates back to “heroic” levels! As tanker owners now try to weigh up the huge imbalances building in the energy markets and exactly how much oil the world needs to store afloat, this week’s Analysis reviews an extraordinary tanker market run.

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