Archives for category: shipping

2018 so far has been a year of firming oil prices. Despite continued strong output growth from US shale, the crude price has risen, with Brent even topping $80/bbl, fuelled by political risk: Venezuelan instability, North Korea and sanctions on Iran. Supply outages, plus higher prices muting demand, have hit the tanker market. However, the flip side has been more positive indications (at last) in the offshore sector.

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

 

Advertisements

In June 2016, the ‘Neo-Panamax’ locks at the Panama Canal opened to commercial traffic, enabling a much larger proportion of the world’s fleet to transit the canal. Nearly two years on, official dimension restrictions at the Neo-Panamax locks are being amended, with an even greater share of the fleet theoretically capable of passing through the canal from 1st June onwards.

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

2018 looks set to be a good year for ABBA fans, after the Swedish pop group announced plans to release their first new songs since the 1980s. With the band’s greatest hits album back in the charts again, it’s clear there’s still appetite for recycling old classics. In shipping’s recycling market, meanwhile, 2018 has seen volumes remain elevated, but with different ship types having stepped into the spotlight.

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

Across the spectrum of seaborne trade, crude oil and containers could hardly be more different. The former is the classic raw material commodity, whilst the latter represents the shipping of all sorts of manufactured end products. Yet in 2017, total seaborne trade in each stood less than 170 million tonnes apart, with a combined volume of 3.8 billion tonnes accounting for 33% of overall global seaborne trade.

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

The economist John Maynard Keynes famously commented that “In the long run we are all dead”, and for shipping market players waiting for cyclical markets to improve it might sometimes feel like that. But with two of the previously long-suffering sectors enjoying better times recently, how do the improved market conditions impact on a long-term view of performance?

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

 

The shipping industry is essential to the smooth functioning of the world economy, transporting around 85% of the world’s international trade in tonnage terms. So it comes as no surprise that ships are all over the world at any given time. However, the ability to identify ships’ positions by vessel tracking systems today means that one can be more precise than ever in breaking this down a little further…

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

One of the great stories of the Bible’s New Testament centres on the feeding of a multitude of 5,000 with just five loaves and two small fish. Shipping also has a notable 5,000 to feed in the form of the containership fleet. In this case, the feat has not only been continually finding enough cargo for the fleet to carry but also generating more capacity across a similar number of ships as time has gone by.

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