Archives for category: Shipping Market

In these extraordinary times, the cancellation of school exams has been one of many unprecedented events. As we examine performance in our half year report, this is not an option for the shipping industry as it battles through the many challenges (and some upside) that Covid-19 has brought: a severe 5.6% drop in seaborne trade; a 10% drop in port activity; sharp declines in demolition and newbuild ordering.

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

As Analysis in SIW 1,395 illustrated, vessel speed dynamics have been a notable part of the shipping market story over the last decade or so. With another full year of average vessel speed data to examine, it’s a good time for an update, focussing in on the trends last year in particular but also re-visiting the broader importance of tracking vessel speeds…

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

This week we review scrubber retrofits, tracking the vessels, yards and volume of tonnage involved. As activity ramps up, and with >1% of the fleet on an annualised basis projected to be off hire, shipping market fundamentals may get a helpful boost. But despite this ramp-up, looking ahead will it be long before our LNG fuel capable vessel count (~800 today) matches our scrubber vessel count (~4,000)?

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

Once in a while, one of the many statistics regularly updated in Shipping Intelligence Weekly reaches a major milestone, and this month we have a significant one to reflect upon. As of May 2019, for the very first time we have been able to report on a global shipping fleet comprising over 2 billion deadweight tonnes in capacity. This week’s Analysis reviews the progress from the first billion dwt to the second…

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

It is well known that China ‘turbo-charged’ seaborne trade growth from the early 2000s onwards, as the country’s imports of raw materials such as iron ore, coal and crude oil grew at breakneck speed. Following a 2018 in which Chinese LNG imports represented 60% (15 million tonnes) of net global growth in seaborne LNG trade, it seems only natural to ask, could recent history repeat itself with LNG?

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

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.

 

Conditions in the offshore sector have been challenging for several years now, and many on the outside might presume that market signals would still be very negative. But key offshore metrics appear more varied, with some parts of the market having seen greater improvements than expected whilst others remained stubbornly weak. Why do the indicators seem a little mixed, and what do they really tell us?

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

The first quarter of the year is often a seasonally weak period for the shipping markets, and 2019 so far has proved no exception. Although the ClarkSea Index has risen by 13% y-o-y so far this year, it still fell by over 30% from multi-year highs in late 2018 to below $10,000/day by mid-February. Against a backdrop of building demand risks, how severe has this year’s seasonal slide been in a historical context?

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

There are a number of key differences between the ‘liner’ shipping business (largely served by containerships) and the world of ‘tramp’ shipping (much of tanker and bulker activity, for example). One of the most obvious is the ‘dual’ nature of the container shipping markets, with separate ‘freight’ and ‘charter’ markets connecting to keep the liner network going. But do they always move in harmony?

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

With the festive season almost upon us, and (for most people!) the holiday shopping done and dusted, it’s a fine time to take a look at the mainlane container trades which deliver consumer goods from Asia to Europe and North America, to get an idea of how full Santa’s sack might be looking. This year dear old Saint Nick might just be rubbing his head in confusion…

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