Archives for category: Gas

Last week our cross-sector earnings index, the ClarkSea, recorded its biggest ever weekly percentage move (23% to $20,096/day), and this week we have another record, including the biggest absolute increase (55% to $31,207/day). The current spike is very much tanker driven (VLCCs: $307,888/day!) and this week’s Analysis discusses the background, previous spikes, and some of the longer term trends.

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

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Not for the first time in shipping’s history, the industry’s choice of fuel is sharply in focus. This week we review not just the imminent low sulphur fuel switch, but also the role of alternative fuels in reducing the ~820mt carbon (~2.3% world output) that the shipping fleet produces per year. But for an industry that took over 50 years to switch from wind to steam, the impact may be no less radical and quicker besides!

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

This week’s Analysis outlines recent trends in the shipping markets, in a summary taken from our upcoming Shipping Review & Outlook. From the varying market cycle positions, to economic headwinds, “manageable” supply growth, changing financial landscape, growing focus on environmental regulation and ‘green’ technology, and impacts of IMO 2020, there is plenty to review!

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

 

There are many ways to measure the size of the multiple sectors that make up the global shipping fleet of c.97,000 vessels and c.1.4 billion GT. Some of these metrics, including the aforementioned vessel numbers and GT, show the fleet to be weighted more heavily in some areas than others, but there’s another equally important measure which appears to show an uncannily more even spread…

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

 

Shipping is often said to provide a good example of classic ‘market mechanics’ in action. Participants react to market conditions, and in turn this contributes to the cyclicality of the business. While factors shaping the demand side are rarely within owners’ control, supply side responses to the state of the shipping markets, including recycling or investment in new tonnage, are often fairly clear…

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

In such a volatile business as shipping, it is commonly held that shipowners are “paid to take the risk”. As a result of this, earnings from their assets may often be thin whilst they bide their time for the “days in the sun” when they enjoy earnings at the top end of the market range where they make a significant share of their money. Here we take a close look at this distribution of owners’ earnings.

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

The LNG sector is currently in a strong growth phase. LNG trade has expanded rapidly over recent years, by an average of 8% p.a. across 2016-18, and a similar rate of growth is expected in 2019-20. As global focus on environmental issues has intensified and efforts are made to increase usage of ‘cleaner’ fuels, there seems to be further significant growth potential for the LNG sector going forwards.

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