Archives for category: Containers

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.

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 on from peak trade disruption, we update our half year report for the shipping industry profiling a strong recovery and some exceptional individual markets. While previous years’ reports have mentioned “must do better” or “extra classes needed”, even the toughest of examiners would congratulate (tankers aside!?) shipping’s economic performance during the many continued challenges of the pandemic.

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

Last week we reported on a milestone for the ClarkSea Index (May was the best month since before the global financial crisis), and this week we take a look at one of the key elements: the record breaking performance in the containership sector. In recent weeks our Containership Charter Rate Index has reached a new record level, surpassing the previous high seen back in 2005.

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.

A year on from the peak impact of Covid-19 on world seaborne trade, overall volumes have made a strong recovery, returning to positive year-on-year growth territory earlier this year. Following the major variations within 2020, comparing volumes so far this year to the pre-Covid period provides a useful indication of which sectors of trade have seen the firmest recovery and which still have ground to make up.

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

In addition to the variations in vessel earnings following the impacts of Covid-19, there have also been some dramatic swings in asset prices. Against the backdrop of a record surge in secondhand sales activity in recent months, a review of the high-level trends makes compelling reading for asset players, and highlights the magnitude of some of the vessel price dynamics.

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