Archives for category: Gas

Weighted across shipping sectors representing over one billion gross tonnes, the ClarkSea Index is a powerful “barometer” in tracking the overall “health” of the shipping industry. In the twenty years since we launched the index, we have periodically made revisions to the underlying assumptions so that the index continues to helpfully reflect the nature of the world fleet that moves the majority of world trade.

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

After showing admirable resilience in 2020, shipping markets performed remarkably last year as trade volume recovery, widespread congestion and modest fleet supply growth contributed to a 93% increase in our cross-segment ClarkSea Index ($28,700/day). This cash influx also supported record S&P transaction levels (145m dwt, $46bn) and the highest newbuild order volumes since 2014 (120m dwt, $107bn).

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

Every year, readers of Shipping Intelligence Weekly are invited to submit their predictions of the value of the ClarkSea Index at the start of November the following year. This time a year ago, there seemed to be optimism that the improvements filtering through to most shipping markets after the mid-2020 lows would continue. However, few could have predicted the extent of improvements that have developed.

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

Amid soaring gas prices and an ongoing supply crunch, global attention has been focussed on gas markets recently. Upheaval has emerged despite a rapid expansion of global gas supply over the last twenty years. Offshore output has played an important role in this growth, and, with the gas sector grabbing the headlines, it’s a good time to look at how this has evolved, and might develop in the next few years.

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

The LNG sector has seen a number of new records set this year, including soaring gas prices in recent months and the highest ever spot charter rates in early 2021. Against this backdrop, LNG carrier supply trends have been less high profile, but new markers have been reached here too; deliveries in Jan-Sep reached a new high of 8m cbm, pushing LNG carrier fleet capacity to over 100m cbm for the first time.

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

Supply chain “bottlenecks” have made international headlines this year, and in SIW 1,481 we profiled the impact of port congestion on containership and bulkcarrier market conditions. This week we return to the subject to take another look at the impact across shipping, using our port congestion indices (see SIN) to provide updated statistics, put the congestion into context, and identify some of the “hotspots”.

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

Six months on from our last Shipping Review & Outlook, an encouraging market recovery has since developed into a range of exceptional market conditions. And stakeholders across maritime are balancing a focus on returning volumes and management of widespread disruption with an increasing urgency to implement regulation and policy around greenhouse gas emissions reduction.

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

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.

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.