Archives for posts with tag: Clarksons Research

Last week’s Analysis took a long-term view of seaborne trade. This week, we look at the history of global oil demand, a key driver of seaborne trade (crude and products trade totalled 62m bpd last year, 25% of the total in tonnes), offshore oil production (25m bpd), and oil prices. In 2020, the now global spread of Covid-19 is leading to major disruption to oil demand, and the ‘long’ view provides an interesting context.
Shipping Intelligence Network.

Even for an industry used to disruption events, the impact of Covid-19 has been dramatic. Extracted from our upcoming Shipping Review & Outlook (SRO), our Analysis this week covers some of the underlying trends we have discussed previously (ClarkSea, global trade, energy transition, “manageable” supply, environment, finance), but the disruption “shock” from Covid-19 now dominates.

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

 

Offshore contracting has remained at extremely low levels for a number of years, and the mobile offshore orderbook has now shrunk to less than a quarter of its peak size. Furthermore, the majority of units on order in the MDU and OSV sectors were now contracted more than five years ago. This month’s Analysis examines what’s still on the orderbook and where solutions have been found.

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

 

As Analysis in SIW 1,395 illustrated, vessel speed dynamics have been a notable part of the shipping market story over the last decade or so. With another full year of average vessel speed data to examine, it’s a good time for an update, focussing in on the trends last year in particular but also re-visiting the broader importance of tracking vessel speeds…

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

2019 was a cautiously positive year for the offshore industry, with the slow journey towards market rebalancing continuing to progress in most sectors. Nonetheless, the industry continued to face substantial structural pressures, with demand growth in most vessel classes only modest and oversupply remaining an issue in almost every region.

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

 

After five years of declining output, global shipyard output increased marginally in 2019, to 32.8m CGT. However, the recovery in ordering since 2016 reversed, with contracting down 30% despite an improving earnings environment (ClarkSea Index up 24%), underlying demand for tonnage to meet global trade (11.9bn tonnes in 2019) and fleet replacement (23% of tonnage over 15 years).

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

Containership earnings made progress through most of 2019, although improvements were heavily weighted towards the larger size segments. Meanwhile, the box freight market generally proved challenging for operators, with limited headway in terms of spot rates, and on average charter market levels were actually fairly similar to 2018. A mixed picture, so what do the annual statistics show?

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