Archives for posts with tag: Clarksons Research

It’s the time of year when many of us are in a race to conclude our purchases in time for the holiday season, but shipowners have been busy shopping throughout the year. Both newbuild and secondhand spending have been on the rise, as notable ‘pent-up’ demand combined with attractive markets in many sectors has increased owners’ appetite for tonnage.

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

The world shipping fleet has grown by >39,000 vessels since start 2000, and by >6,000 in the last 5 years (expanding by 7%, and 17% in GT). However, growing vessel numbers has not been a uniform trend across maritime. Notably, key offshore sectors are seeing unit numbers drop, and some shipping segments have also seen numbers ease. Here we take a closer look, and consider some of the drivers.

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

Amid soaring gas prices and an ongoing supply crunch, global attention has been focussed on gas markets recently. Upheaval has emerged despite a rapid expansion of global gas supply over the last twenty years. Offshore output has played an important role in this growth, and, with the gas sector grabbing the headlines, it’s a good time to look at how this has evolved, and might develop in the next few years.

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

While the bulkcarrier sector has recorded extremely impressive market gains so far this year, it has generally been upstaged by the containership sector which has seen a ‘perfect storm’ driving record freight and charter rates. However, with Capesize spot earnings surging to almost $70,000/day for the first time in over a decade, the firmest bulkcarrier markets since 2008 are now firmly back in the spotlight…

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

Six months on from our last Shipping Review & Outlook, an encouraging market recovery has since developed into a range of exceptional market conditions. And stakeholders across maritime are balancing a focus on returning volumes and management of widespread disruption with an increasing urgency to implement regulation and policy around greenhouse gas emissions reduction.

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

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.

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.

Contracting activity started to tick up in Q4 2020, and this trend has continued in the opening months of 2021. Ordering has been led by the containership sector, while the Fuelling Transition is continuing to have an impact. Comparing order volumes to previous years can help put current activity into context, as well as shedding some light on potential trajectories

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

With the shipping industry set to embark on an unprecedented programme of investment and fleet renewal as part of efforts to cut emissions, we have been profiling the uptake to date of Alternative Fuels, ESTs, ‘Eco’ engines, scrubbers and port facilities across the major shipping sectors. Here we drill down on the tanker sector, where there are recent signs of progress, albeit with a long way to go…

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