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.

The last few years have seen lower volumes of recycling out of the global fleet for a variety of reasons, and remarkably strong markets in some sectors, added to Covid-19 related disruption, have kept volumes subdued in 2021. However, one part of the fleet has become a more common sight at breaking yards, as tough markets, despite recent improvements, have led to increased offshore vessel scrapping.

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.

One year ago, we profiled the emergence of a ‘pause’ in growth in the LNG sector, with Covid-19 having dampened energy demand, seaborne LNG trade, gas prices and project sanctioning. However, buoyed initially by a cold winter, LNG trade bounced back firmly in late 2020, and 2021 so far has seen a return to more positive trends across the sector, with long-term growth potential still encouraging.

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

Halfway through 2021, sentiment around future oil demand has clearly improved, despite challenges
such as the spread of the Delta variant or continuing travel restrictions dampening demand. Though
partly owing to OPEC+ cuts constraining short-term oil supply, oil prices have risen to above $75/bbl,
and accordingly, 1H 2021 saw improved interest in progressing offshore oil and gas project FIDs.

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

Our half year shipping review (see SIW 1,479) profiled “some exceptional individual markets”, and 1H 2021 certainly illustrates how progress in some sectors has been boosted by disruption. Port congestion has hit the headlines and led to notable “disruption upside” for containerships and bulkcarriers in particular. Here we look at some trends indicative of capacity tied up in the various bottlenecks.

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

A year ago the Sale and Purchase (S&P) markets were struggling with huge Covid-19 economic uncertainty and the wide ranging logistical challenges of delivering a ship. While difficulties remain (especially around crew transfer), sales volumes have picked up to record levels with over 84m dwt of tonnage bought and sold in the first half and, in some segments, “eye-watering” asset value increases.

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.

The ‘Energy Transition’ has become a key focus in many industries and the offshore oil and gas sector has been no exception, with upstream players increasingly looking at what role they can play in the fast growing renewable energy segment. The offshore wind sector, in particular, has been attracting attention from those E&P companies with experience of offshore operations.

For the full version of this article, please go to Offshore 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.