Archives for category: Tankers

Climate change experts have recently estimated that the last four years have been the hottest on record, but in shipping it feels like a different matter altogether. As a whole the markets do appear to have seen some further gradual improvement in 2018, but without heating up too much. But do wider readings of the shipping ‘temperature’ tell us anything more?

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

Oil prices have always been big news for shipping and offshore, and are currently making the headlines. Since early October, crude prices have undergone one of the lengthiest periods of steady decline on record. Whilst the steep drops from the heights of $147/bbl in 2008 and $114/bbl in 2014 were clearly more substantial as a whole, the recent downward trend is certainly noteworthy. So what’s going on?

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

One of the notable features of the shipping markets in 2017 was the record level of S&P activity, with reported sales volumes topping 90m dwt in capacity and more than 1,600 units. After a slow start in early 2018, this year’s activity levels subsequently picked up, but indications suggest a slower Q3 than one year previously. Where does this leave 2018 S&P volumes against last year’s record?

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

This week, the US announced that further tariffs on a wide range of imports from China will come into force from Monday, with China confirming retaliatory measures. These developments represent an escalation in the dispute over trade between the two countries, and against this backdrop, it is worth taking another look (see SIW 1327) at the potential impact of tariffs announced this year in a shipping context.

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

Shipping analysts spend plenty of time assessing the merits of the capacity in the fleet and the volume of seaborne trade. However, there’s another important aspect of the shipping industry which also tells us something important about market activity. Ports and port calls are the joints that hold the trade network together, the origins and destinations of cargoes and the key locations for the ships that carry them.

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

 

Since 1.73m bpd of oil output cuts were orchestrated by OPEC in November 2016, oil prices have risen from under $50/bbl to $70-$80/bbl, stimulating the upstream sector but making for a gloomy backdrop to challenged tanker markets in the last 18 months. With this context in mind and following the latest OPEC meeting, it is worth looking in detail at some of the ways OPEC policy has been influencing oil markets…

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

 

The last few months have seen increasing friction surrounding trade globally, with the US and China in particular making headlines for announcing proposals to introduce new import tariffs. These developments have raised concerns over a potential negative impact on seaborne trade volumes, but how much trade could actually be affected? The devil is in the detail, so this week’s Analysis takes a closer look…

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