Archives for posts with tag: Clarksons

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.

A shrinking global orderbook has been one of the more persistent features of the post-financial crisis years, with the volume of tonnage on order now down to c.30% of peak levels. However, a substantial volume of newbuild investment has still taken place over the period as a whole, and a greater focus on specific vessel types has left the current orderbook looking very different to a decade earlier.

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.

 

The ports of the world connect up the global trading system but are far from a homogeneous group. They can be classified in a range of ways including by the functions and facilities they offer and the cargo types they can handle. But equally they can be categorised by size, and in this context port calls data helps to understand the structure of the world’s port network.

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

As a whole, the key shipping markets made steps forward in 2019, with our ClarkSea Index on average up by 24% on the previous year. In a number of sectors this came against the backdrop of less than wholly supportive “headline” supply-demand fundamentals. Whilst these remain of primary importance, other notable factors have clearly been having a significant impact on market dynamics…

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.