Archives for category: shipping

Although the shipping industry is only at the start of a unprecedented investment program around fleet renewal ($1 trillion of newbuild orders this decade?) and shoreside infrastructure to deal with emissions reduction, this week’s Analysis features extracts from our latest Fuelling Transition series profiling important progress so far in uptake of Alternative Fuels, ESTs, “Eco” engines, scrubbers and port facilities.

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

With 2020 so far having been clearly dominated by impacts from the Covid-19 pandemic and characterised by major short-term variations in market conditions, in some shipping sectors the second half of the year has so far been shaping up quite differently to the first. The bulkcarrier sector is one illustration of this, with the Capesize market for example having seen different dynamics in recent months.

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

Back in April (see SIW 1,418), aggregate port call data helped our “near-term” assessment of the size of the initial “shock” and disruption to shipping market activity from the Covid-19 pandemic. Across the following six months, the data has formed part of our tracking of the ongoing impact (see our ‘Port Call Activity Tracker’ on SIN), and continues to provide context and framework.

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

The Covid-19 pandemic has had a dramatic impact on the shipping markets this year. Extracted from our forthcoming Shipping Review & Outlook, here we outline the major demand ‘shock’ and initial signs of improvement in some indicators over the summer, as well as the continuation of underlying trends, including the ‘manageable’ supply side and the energy and fuelling transition.

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

30 years is a long time in any sphere, and an even longer time in a fast-paced industry like shipping. The markets of the 1980s seem dim and distant, with a heroic boom and a few crises in between. However, one thing today looks similar: the “classic” orderbook as a percentage of the fleet ratio, a yardstick for assessing future supply growth, is now, at 7.4%, as low as it has been since 1989.

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

Tracking ‘idle’ containership capacity has become something of an institution in the box shipping sector, particularly in the years since the global financial crisis. Back in early 2009 it was reported that around 11% of all containership capacity stood ‘inactive’. Tracking idle boxship capacity through recent years reveals a similar peak during the Covid-19 crisis, but also a rapidly changing picture.

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

Covid-19 has led to a major “shock” to the shipping markets, and tracking the impacts has brought a range of metrics, including new “near-term” data, into close focus (see our Shipping Market Impact Tracker on SIN). One statistic, however, which has not received quite so much attention this year has been average vessel speed, but with half of the year completed it’s a good time for an update.

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

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.

The ‘shock’ to the world economy from the Covid-19 pandemic is exerting clear pressure on seaborne trade. Significant uncertainty remains over the outlook, but current projections suggest the sharpest fall in global seaborne trade for over 35 years in 2020. However, impacts vary across the shipping sectors, with some commodities appearing more heavily exposed to disruption than others.

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

 

Last week’s Analysis took a long-term view of seaborne trade. This week, we look at the history of global oil demand, a key driver of seaborne trade (crude and products trade totalled 62m bpd last year, 25% of the total in tonnes), offshore oil production (25m bpd), and oil prices. In 2020, the now global spread of Covid-19 is leading to major disruption to oil demand, and the ‘long’ view provides an interesting context.
Shipping Intelligence Network.