Archives for category: Sale and Purchase

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.

It’s the time of year when many of us are in a race to conclude our purchases in time for the holiday season, but shipowners have been busy shopping throughout the year. Both newbuild and secondhand spending have been on the rise, as notable ‘pent-up’ demand combined with attractive markets in many sectors has increased owners’ appetite for tonnage.

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

After stamping on the brakes in 2020, the car carrier sector is going through the gears nicely this year, and is now seeing the strongest market conditions since before the financial crisis as improved demand and ‘disruption upside’ factors have lent significant support. Detailed analysis will be available in the upcoming edition of Car Carrier Trade & Transport, but here we take a look at some of the key themes…

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.

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.

Covid-19 has created some huge challenges for the shipping industry, but the shipping markets have seen an impressive rebound and notable “disruption upside”. Since the onset of the pandemic we’ve reported on some extraordinary market dynamics, including some spectacular earnings this year and major asset price swings. This week we put this in the context of returns seen on pre-crisis investments.

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

We have previously reported that 1H 21 was the best first half for our ClarkSea Index vessel earnings indicator since 2008. Meanwhile, ship prices from newbuild, through secondhand to scrap have also set an impressive pace this year, in many cases moving well beyond start 2020 pre-Covid levels. Here we take a look at a range of price indicators to examine the scale of some of the upward swings.

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

A year ago the Sale and Purchase (S&P) markets were struggling with huge Covid-19 economic uncertainty and the wide ranging logistical challenges of delivering a ship. While difficulties remain (especially around crew transfer), sales volumes have picked up to record levels with over 84m dwt of tonnage bought and sold in the first half and, in some segments, “eye-watering” asset value increases.

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

A year on from peak trade disruption, we update our half year report for the shipping industry profiling a strong recovery and some exceptional individual markets. While previous years’ reports have mentioned “must do better” or “extra classes needed”, even the toughest of examiners would congratulate (tankers aside!?) shipping’s economic performance during the many continued challenges of the pandemic.

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

Last week we reported on some of the recent dramatic swings in asset pricing (see SIW 1,468), noting that these shifts were taking place against the backdrop of an extremely active S&P market. Indeed, after recovering quickly and robustly from the lows of Q2-20, the volume of secondhand sales has jumped to new records in recent months, with the March total an all-time high.

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