Archives for category: Gas

We all know shipbuilding is one of the toughest businesses around but just how tough was 2018? Well it seems the answer depends on which unit of measurement you use! Using DWT, ordering fell 14% to 77m dwt while using CGT, a better reflection of the work content of building vessels, ordering increased by 2%. On balance its seems that conditions remain challenging but still improving on the 2016 lows.

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

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.

Climate change experts have recently estimated that the last four years have been the hottest on record, but in shipping it feels like a different matter altogether. As a whole the markets do appear to have seen some further gradual improvement in 2018, but without heating up too much. But do wider readings of the shipping ‘temperature’ tell us anything more?

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

The Hongkong and Shanghai Banking Corporation, better known as HSBC, for a number of years proudly claimed to be “the world’s local bank”. The shipping industry is well-known for keeping the wheels of the global trade turning, but, like the famous old bank, it could also be said to be the “world’s local” business too, integral to regional and local economic networks.

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. Of course, forecasting anything in an industry as volatile as shipping is always a challenge, but with a prize of a case of champagne at stake, many of our readers are eager to give it a go. So, how did last year’s entrants get on?

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

 

The Middle East is a key component of global oil production. In total, it accounts for just under 25m bpd of oil output (or 30m bpd including NGLs), of which nearly a quarter is produced offshore. The Middle East also produces 63.5bn cfd of gas (64% offshore). The majority of Middle Eastern producers are OPEC members, so the group’s decisions have a large impact on production volumes in the region.

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

One of the notable features of the shipping markets in 2017 was the record level of S&P activity, with reported sales volumes topping 90m dwt in capacity and more than 1,600 units. After a slow start in early 2018, this year’s activity levels subsequently picked up, but indications suggest a slower Q3 than one year previously. Where does this leave 2018 S&P volumes against last year’s record?

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