Archives for category: Demolition

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.

Vessel recycling experienced a positive start to 2018, and by the end of Q1 was noticeably up year-on-year, in annualised terms. However, since then, the pace of scrapping has slowed. Partly, this is a result of improved sentiment during Q2, for instance in the dry bulk, gas, and offshore charter markets. But scrapping slowed over the summer, and now further issues have reared their head.

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

A common ‘rule of thumb’ statistic in shipping market analysis, in order to give an idea of prospective capacity growth, is the orderbook expressed as a percentage of the existing fleet. Today, at a global fleet level, that figure stands at a historically relatively low level in dwt terms (10%), but what does that actually tell us? This week’s Analysis takes a look at the pros and cons of this widely used statistic.

 

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

Shipping market watchers tend to keep a keen eye on prices for younger vessels, with indicators such as the ratio of newbuild to 5 year old prices often key to views on asset play. But decisions towards the end of a ship’s life are important too, and looking at the ratio between secondhand and scrap prices for vessels of an older vintage may help to illuminate the choices facing shipowners.

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

 

With the industry hoping for better “grades” after the “effort” of recent years, this week’s Analysis updates our half year shipping report showing a ClarkSea Index up 9% y-o-y but still below trend since the financial crisis (see Graph of the Week). After comments of “must do better” and “showing potential” in recent years, do the statistics suggest “extra classes” will again be needed over the summer holidays?

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

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.

After reporting on a range of gloomy statistics in 2016, has shipping been able to pick itself up from ‘rock bottom’? Strong trade volumes, a record S&P market and improving bulker and containership markets have all provided some welcome relief. But challenges in the tanker, gas and offshore markets continue while uncertainty around environmental regulation builds. As ever, it’s been an interesting year!

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