Archives for category: Tanker

Supply chain “bottlenecks” have made international headlines this year, and in SIW 1,481 we profiled the impact of port congestion on containership and bulkcarrier market conditions. This week we return to the subject to take another look at the impact across shipping, using our port congestion indices (see SIN) to provide updated statistics, put the congestion into context, and identify some of the “hotspots”.

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

Six months on from our last Shipping Review & Outlook, an encouraging market recovery has since developed into a range of exceptional market conditions. And stakeholders across maritime are balancing a focus on returning volumes and management of widespread disruption with an increasing urgency to implement regulation and policy around greenhouse gas emissions reduction.

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

Connecting the Atlantic to the Pacific, the Panama Canal has been an important waterway for global shipping since the inaugural transit in 1914, and the opening of new, expanded locks in 2016 enabled larger vessels to transit. Today, vessel movements data allows us to track transits on a day-to-day basis, providing insight on specific trends at the Panama Canal, as well as at a sector and macro level.

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.

Global seaborne trade has seen a strong rebound in 2021 so far; volumes were up c.4% y-o-y across Jan-July, according to our Monthly Global Seaborne Trade Indicator. However, with recent y-o-y trends distorted by significant short-term swings in trade last year, taking a look at our selection of volume indicators helps to track the progress so far on the road to regaining pre-pandemic trade levels…

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

Covid-19 has created some huge challenges for the shipping industry, but the shipping markets have seen an impressive rebound and notable “disruption upside”. Since the onset of the pandemic we’ve reported on some extraordinary market dynamics, including some spectacular earnings this year and major asset price swings. This week we put this in the context of returns seen on pre-crisis investments.

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

We have previously reported that 1H 21 was the best first half for our ClarkSea Index vessel earnings indicator since 2008. Meanwhile, ship prices from newbuild, through secondhand to scrap have also set an impressive pace this year, in many cases moving well beyond start 2020 pre-Covid levels. Here we take a look at a range of price indicators to examine the scale of some of the upward swings.

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.

Shipping markets have seen major variation in recent times, not least as a result of the wide ranging impacts from Covid-19. Whilst there have been numerous ‘complexities’ impacting market trends over time, vessel earnings have also continued to vary markedly across ships of different generations or fitted with various technologies, demonstrating the importance of tracking increasingly ‘tiered’ markets.

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.