Archives for posts with tag: Bulker

30 years is a long time in any sphere, and an even longer time in a fast-paced industry like shipping. The markets of the 1980s seem dim and distant, with a heroic boom and a few crises in between. However, one thing today looks similar: the “classic” orderbook as a percentage of the fleet ratio, a yardstick for assessing future supply growth, is now, at 7.4%, as low as it has been since 1989.

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

Discussion around average ship sizes usually focusses on “upsizing” in the fleet and vessel deliveries, following the entry of new classes of even larger ships into the world fleet and also new, larger designs in well-established sectors. However, tracking the average size of vessels being recycled reveals some interesting trends too, related to regulation, market and underlying fleet dynamics

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

Covid-19 has led to a major “shock” to the shipping markets, and tracking the impacts has brought a range of metrics, including new “near-term” data, into close focus (see our Shipping Market Impact Tracker on SIN). One statistic, however, which has not received quite so much attention this year has been average vessel speed, but with half of the year completed it’s a good time for an update.

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

In these extraordinary times, the cancellation of school exams has been one of many unprecedented events. As we examine performance in our half year report, this is not an option for the shipping industry as it battles through the many challenges (and some upside) that Covid-19 has brought: a severe 5.6% drop in seaborne trade; a 10% drop in port activity; sharp declines in demolition and newbuild ordering.

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

Relations between the US and China have been back in the headlines recently, with tensions seemingly on the rise once more. For the shipping industry, the US-China ‘trade war’ was one of the key issues of 2018-19, and the ‘phase one’ trade deal in early 2020 was an encouraging sign that US-China trade could pick up. But with Covid-19 dominating trends in the year to date, how have volumes fared so far?

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.

The ‘shock’ to the world economy from the Covid-19 pandemic is exerting clear pressure on seaborne trade. Significant uncertainty remains over the outlook, but current projections suggest the sharpest fall in global seaborne trade for over 35 years in 2020. However, impacts vary across the shipping sectors, with some commodities appearing more heavily exposed to disruption than others.

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

 

In our March semi-annual report, we cited satellite imagery of reduced pollution as economic activity slowed as a “stark reminder of climate change”. In this week’s Analysis, we look at some of the challenges (and opportunities) the shipping industry potentially faces with its cargo base, changes in offshore activity and in reducing its own emissions footprint through fuel transition, technology and regulation.

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.

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.