Archives for category: newbuilding market

Providing newbuilding market data has always been a strong focus for Clarksons Research but in recent years there has been a growing need to better understand activity in the ship repair and refurbishment sector. In this week’s Analysis we discuss the reasons behind this interest and present some highlights from a new intelligence flow of ship repair activity now available on our World Fleet Register.

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

 

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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.

Next month over 50,000 will gather for the biennial SMM fair in Hamburg. Since the last fair (coinciding with the lowest ever ClarkSea Index!) there have been major developments, not least in environmental regulation. Despite an eroding newbuild orderbook, a modest uptick in ordering and recent enthusiasm for scrubbers are set to combine with plenty of positive discussion around technology and digitalisation!

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

Economists use a range of tools to demonstrate the degree of fragmentation, consolidation, or in economic terms, ‘concentration’ across a range of industrial activity. Shipping is often thought of as a fairly fragmented industry, and the shipbuilding industry is today undergoing a period of significant consolidation. How might an economics approach illustrate the prevailing degree of concentration in each case?

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

At this time of year, icy conditions are not uncommon, but the warmth of the festive season is usually enough to melt even the coldest of hearts. Going into this year, shipping market activity might have still felt pretty iced up for many, but increased activity in a number of core areas in 2017 has seen the shipping market temperature rise a little…

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

 

Following the lowest year of contracting volumes for over thirty years in 2016, newbuilding market observers could have been forgiven for not looking too hard every month for signs of improvements on last year’s figures. In the early part of 2017 they would probably have been justified, but with more positive sentiment building, recent months have seen an increasing degree of upside on last year.

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

 

2017 is shaping up to be a record year for secondhand sales volumes. Meanwhile, newbuilding activity remains at historically low levels. As a result, the ratio of secondhand to newbuild activity has surged, and while this is an indication of the current market environment, it might also be interpreted as an indicator of the ‘market mechanism’ starting to re-balance industry fundamentals.

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