Archives for category: Tanker

Covid-19 has led to a major “shock” to seaborne activity, and we are tracking a range of metrics (see Shipping Intelligence Network) that show the immediate demand side impact in varying ways. However, inevitably some focus has also turned to the shape of the potential future recovery – there are clearly many scenarios, and a growing debate, so a framework for further analysis is a useful step.

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

That recent times have been a good demonstration of shipping market volatility comes as no surprise. There have been more than enough major events to drive significant fluctuations in our ClarkSea Index, and the statistics make this clear. Developments in the tanker sector have recently dominated the index trend in terms of volatility, but that doesn’t mean that every sector has followed quite the same storyline… 

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

Hard to believe it’s only six months since we reported the sanctions driven “super-spike”, and harder still to think it’s only six weeks since the collapse of OPEC+ talks took rates back to “heroic” levels! As tanker owners now try to weigh up the huge imbalances building in the energy markets and exactly how much oil the world needs to store afloat, this week’s Analysis reviews an extraordinary tanker market run.

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

Covid-19 has highlighted how aggregate port call data, whilst sometimes imperfect, can be useful. Regular analysis of daily port calls trends in key countries (see our ‘Port Call Activity Tracker’ in the Covid-19 Reports section on Shipping Intelligence Network) is helping us track the impact of the pandemic, and a broader look at port call data also provides context for understanding the disruption to global shipping.

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

In last week’s Analysis we noted that the impact of the Covid-19 outbreak could lead to months of major disruption and a “bumpy ride” for the shipping markets. This week we take a look back through our long history of seaborne trade data and review the differences between the impacts of previous major disruptions on the periods that followed…

 

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

Even for an industry used to disruption events, the impact of Covid-19 has been dramatic. Extracted from our upcoming Shipping Review & Outlook (SRO), our Analysis this week covers some of the underlying trends we have discussed previously (ClarkSea, global trade, energy transition, “manageable” supply, environment, finance), but the disruption “shock” from Covid-19 now dominates.

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

 

So often shipping market observers’ attention centres on new ships but shipping’s ongoing fuel transition has also focussed discussion on the older, often less fuel-efficient tonnage in today’s world fleet. In order to understand how the phase out of older ships might look, and estimate its potential impact in certain areas, it”s worth taking a look at the age profile of the world’s tonnage in more detail.

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

Even for an industry used to disruption, shipping has been struggling with the scale and dynamic nature of the Covid-19 outbreak. Starting in its largest market (China: 22% of seaborne imports), the initial shipping impact was felt quickly and severely. And while there are signs that the Chinese impact may be starting to stabilise (see graph), the focus has shifted to broader global impacts, and investor sentiment.

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

The ports of the world connect up the global trading system but are far from a homogeneous group. They can be classified in a range of ways including by the functions and facilities they offer and the cargo types they can handle. But equally they can be categorised by size, and in this context port calls data helps to understand the structure of the world’s port network.

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.