Archives for category: Shipping Intelligence Network

After the dramatic disruption of 2020, offshore oil and gas markets are seeing slightly improved activity, utilisation and sentiment edge into the market. Extracted from our upcoming Offshore Review & Outlook, this week’s Analysis profiles these trends alongside continued challenges. And as the focus on energy transition and de-carbonisation intensifies, offshore wind continues its exciting growth phase.

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

On a number of occasions this year (see SIW 1,475 and SIW 1,467) we have reported on our cross-segment ClarkSea Index marking new milestones, including reaching the highest level since September 2008, before the financial crisis, back in May. Since then, the ClarkSea Index has recorded even more notable gains, and at the end of August stood in the top 2% of all values recorded over the last 30 years.

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.

Our half year shipping review (see SIW 1,479) profiled “some exceptional individual markets”, and 1H 2021 certainly illustrates how progress in some sectors has been boosted by disruption. Port congestion has hit the headlines and led to notable “disruption upside” for containerships and bulkcarriers in particular. Here we look at some trends indicative of capacity tied up in the various bottlenecks.

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 a milestone for the ClarkSea Index (May was the best month since before the global financial crisis), and this week we take a look at one of the key elements: the record breaking performance in the containership sector. In recent weeks our Containership Charter Rate Index has reached a new record level, surpassing the previous high seen back in 2005.

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

Earlier this year (see SIW 1,467) we reported on our cross-segment ClarkSea Index laying down a new marker, with the average in Q1 the strongest for over a decade. Since then, with positive sentiment enduring in many shipping sectors, progress has continued and we now have another milestone to report: in May-21, the ClarkSea Index averaged its highest level since Sep-08, before the financial crisis.

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

A year on from the peak impact of Covid-19 on world seaborne trade, overall volumes have made a strong recovery, returning to positive year-on-year growth territory earlier this year. Following the major variations within 2020, comparing volumes so far this year to the pre-Covid period provides a useful indication of which sectors of trade have seen the firmest recovery and which still have ground to make up.

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

Contracting activity started to tick up in Q4 2020, and this trend has continued in the opening months of 2021. Ordering has been led by the containership sector, while the Fuelling Transition is continuing to have an impact. Comparing order volumes to previous years can help put current activity into context, as well as shedding some light on potential trajectories

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