Archives for category: Containers

Over the last year or so, it has been clear that risks to the seaborne demand environment have been increasing. While there are still plenty of positive drivers, a number of headwinds have clearly developed, and projections for seaborne trade growth in 2019 have been revised downwards since the start of the year. What factors are having the biggest impact, and where have revisions been most pronounced?

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

Once in a while, one of the many statistics regularly updated in Shipping Intelligence Weekly reaches a major milestone, and this month we have a significant one to reflect upon. As of May 2019, for the very first time we have been able to report on a global shipping fleet comprising over 2 billion deadweight tonnes in capacity. This week’s Analysis reviews the progress from the first billion dwt to the second…

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

Heavyweights in the political arena are commonly referred to as the “Big Beasts”, but the world shipping fleet has plenty of massive animals of its own. Prominent amongst these are the very large containerships including today’s ‘mega-ships’ of over 20,000 TEU, and together the ships of over 8,000 TEU in size (the ‘big beast’ benchmark back in 2000) now account for the majority of boxship fleet capacity.

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

The first quarter of the year is often a seasonally weak period for the shipping markets, and 2019 so far has proved no exception. Although the ClarkSea Index has risen by 13% y-o-y so far this year, it still fell by over 30% from multi-year highs in late 2018 to below $10,000/day by mid-February. Against a backdrop of building demand risks, how severe has this year’s seasonal slide been in a historical context?

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

There are a number of key differences between the ‘liner’ shipping business (largely served by containerships) and the world of ‘tramp’ shipping (much of tanker and bulker activity, for example). One of the most obvious is the ‘dual’ nature of the container shipping markets, with separate ‘freight’ and ‘charter’ markets connecting to keep the liner network going. But do they always move in harmony?

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

We all know shipbuilding is one of the toughest businesses around but just how tough was 2018? Well it seems the answer depends on which unit of measurement you use! Using DWT, ordering fell 14% to 77m dwt while using CGT, a better reflection of the work content of building vessels, ordering increased by 2%. On balance its seems that conditions remain challenging but still improving on the 2016 lows.

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

The ClarkSea Index made steady progress in 2018 (+13% to $12,144/day) taking it above the average since the financial crisis. Tankers had a miserable year before being “saved” by a strong Q4, bulkers consolidated their 2017 gains and LNG finished the year on a high. Fleet growth continues to trend below 3%, with just 11% of the fleet on order, while trade growth eased and needs to be watched closely.

 

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