Archives for category: shipping industry

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.

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

 

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.

Those tracking the shipbuilding market spend a lot of time analysing key trends across the major builder countries. But the origin of ships in the world fleet also has implications for the owners, charterers, brokers, financiers, insurers and others who work daily with the active fleet. Here we take a look at how the shifts in the world of shipbuilding have (gradually) filtered through to the fleet over the past 20 years.

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

 

The offshore markets have faced some tough times since 2014, with low utilisation and rates causing difficulties for most companies involved in the sector. As SIW has reported, 2019 has seen several offshore markets start to turn the corner. However, offshore is a complex business, with lots of separate niche sectors which have shown varying levels of improvement. So, let’s have a look at the detail.

 

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

This year, the shipping industry is expected to transport 12bn tonnes of cargo. That’s double the volume shipped in 2000 and four times the trade in 1980; the result of economic growth and globalisation. Dry bulk and container trade were at the heart of this in the boom of the 2000s, but both over time and across sectors the seaborne trade growth environment continues to evolve.

 

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.