Archives for category: Gas

The final year of the decade saw further improvements across the shipping markets with a 24% increase in our ClarkSea Index taking it to its highest level since 2010, principally driven by gains in the tanker and gas segments. Meanwhile the impact of “headline” growth in seaborne trade (1.1% to 11.9bn tonnes) and world fleet (4.1% to 2.1bn dwt) were supplemented by IMO 2020 related “adjustments”.

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

As we close in on the end of the decade, this week’s analysis compares data from shipping’s last forty years. It’s certainly been a tough decade, much of it spent dealing with the aftermath of the financial crisis and working through shipping’s surplus capacity. But it’s been far from a “dead decade”: trade growth of 3.7bn tonnes, 1.2bn dwt of deliveries and an improving ClarkSea Index as we close out…

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

In 2019, the shipping markets as a whole appear to have ‘warmed’ for the third consecutive year, and some key markets have sizzled at certain points. But at the same time it has been a different story in terms of fresh asset investment. Pulling the two elements together to take a wider reading of the shipping ‘temperature’ can help put this year into perspective…

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

With Christmas not far away, ships around the world have been busy delivering eagerly-awaited gifts in time for the festive shopping season. Shipowners have been receiving their own ‘presents’ too, with deliveries of new vessels up significantly in the year so far. What’s more, the newbuilding orderbook has perhaps proved more responsive to changing market conditions than some might have expected.

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, with the closest forecast winning a case of champagne. Shipping’s notorious volatility always makes this an interesting exercise, but with significant market shifts over recent weeks, how did last year’s entrants get on?

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

Shipping is a truly global business, with a fleet of almost 100,000 merchant vessels connecting the world’s largest economies and more remote corners of the globe through a network of over 5,000 port locations. However, with hugely varied trading patterns between different shipping sectors, some segments of the fleet are clearly more ‘well-travelled’ than others…

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

 

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.