Archives for category: Containers

2018 looks set to be a good year for ABBA fans, after the Swedish pop group announced plans to release their first new songs since the 1980s. With the band’s greatest hits album back in the charts again, it’s clear there’s still appetite for recycling old classics. In shipping’s recycling market, meanwhile, 2018 has seen volumes remain elevated, but with different ship types having stepped into the spotlight.

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

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In the old song “It’s a long way to Tipperary”, the Irish county in question is “a long way back home”. For shipping it must feel a little like that too. Despite more positive sentiment, a supportive world economy, robust trade growth and slowing capacity expansion in many sectors, truly strong markets might still seem in many cases some distance away. But how far along the way are the shipping markets really?

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

Across the spectrum of seaborne trade, crude oil and containers could hardly be more different. The former is the classic raw material commodity, whilst the latter represents the shipping of all sorts of manufactured end products. Yet in 2017, total seaborne trade in each stood less than 170 million tonnes apart, with a combined volume of 3.8 billion tonnes accounting for 33% of overall global seaborne trade.

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

The economist John Maynard Keynes famously commented that “In the long run we are all dead”, and for shipping market players waiting for cyclical markets to improve it might sometimes feel like that. But with two of the previously long-suffering sectors enjoying better times recently, how do the improved market conditions impact on a long-term view of performance?

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

 

The festive season is coming closer, and for many of us the time to get the seasonal shopping done is running out. For the containership sector, however, the peak shipping season was back in the summer, giving us a chance to reflect already on how consumer and manufacturing trends have left box shipping looking back on a busy year in terms of volumes.

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

Every year, readers of the Shipping Intelligence Weekly are invited to submit their predictions of the value of the ClarkSea Index at the start of November the following year. Last week the ClarkSea Index stood at $12,323/day, up 31% on the 2016 average level. This reflects some improvements in shipping market conditions, but how did it match up to the views of the entrants in our competition?

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

Just prior to Halloween, the UN announced that levels of CO2 in the atmosphere reached new record levels of 403 ppm in 2016. The shipping industry remains a broadly efficient transportation solution in terms of emissions per tonne of cargo, but the news will only increase the focus on what new action may now be necessary, against the spectre of substantial fleet growth over the last decade.

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