Archives for posts with tag: Bulker

In 2018 the ClarkSea Index had a very strong Q4, with the average in the final quarter well above that registered across the first three. It’s well known that shipping markets can be seasonal, and studying our ClarkSea Index illustrates that fairly well. But how seasonal actually are they, how far did last year’s Q4 stand out, and how much does a strong Q4 tell us about the year to come?

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

We all know shipbuilding is one of the toughest businesses around but just how tough was 2018? Well it seems the answer depends on which unit of measurement you use! Using DWT, ordering fell 14% to 77m dwt while using CGT, a better reflection of the work content of building vessels, ordering increased by 2%. On balance its seems that conditions remain challenging but still improving on the 2016 lows.

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

The ClarkSea Index made steady progress in 2018 (+13% to $12,144/day) taking it above the average since the financial crisis. Tankers had a miserable year before being “saved” by a strong Q4, bulkers consolidated their 2017 gains and LNG finished the year on a high. Fleet growth continues to trend below 3%, with just 11% of the fleet on order, while trade growth eased and needs to be watched closely.

 

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

Investment 101 could be summarised as: buy low, sell high and make lots of money in between. That sounds simple, and with the benefit of hindsight, it can look it too. But as anyone who follows shipping knows, this is easier said than done. Modelling returns on shipping investments in the decade since the financial crisis helps to emphasize this point, and shows how good timing always makes the difference.

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

The Hongkong and Shanghai Banking Corporation, better known as HSBC, for a number of years proudly claimed to be “the world’s local bank”. The shipping industry is well-known for keeping the wheels of the global trade turning, but, like the famous old bank, it could also be said to be the “world’s local” business too, integral to regional and local economic networks.

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

Every year, readers of the Shipping Intelligence Weekly are invited to submit their predictions of the value of the ClarkSea Index at the start of November the following year. Of course, forecasting anything in an industry as volatile as shipping is always a challenge, but with a prize of a case of champagne at stake, many of our readers are eager to give it a go. So, how did last year’s entrants get on?

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

 

Over the ten years since the onset of the financial crisis, it has generally been tough going for the shipping markets, but not without upside at times (see SIW 1339). Today, the bulkcarrier and containership sectors look to have made some helpful progress recently while tankers are lagging behind, but looking at earnings in the major sectors across the last ten years as a whole might just tell a broader story…

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