Archives for posts with tag: Clarksons

In the old song “It’s a long way to Tipperary”, the Irish county in question is “a long way back home”. For shipping it must feel a little like that too. Despite more positive sentiment, a supportive world economy, robust trade growth and slowing capacity expansion in many sectors, truly strong markets might still seem in many cases some distance away. But how far along the way are the shipping markets really?

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

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Shipping markets are by their nature cyclical, but anticipating the timing of market cycles is rarely easy in practice, not least because shipping’s cycles are so enmeshed with other economic cycles, notably in underlying commodity markets. For example, while some of the key shipping sectors appear to be moving into the next phase of the cycle, current oil market uncertainties are complicating matters elsewhere.

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

The shipping markets are renowned for their volatility but today there is one aspect of the industry where the last cycle has taken 20 years. The orderbook expressed as a percentage of the existing fleet, a widely used statistic, is basically back where it was twenty years ago, following a very long cycle indeed, and the trajectory in the meantime is well worth a closer examination.

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

At the start of April, the commencement of joint operations between the major Japanese liner companies in the form of ‘ONE’ ushered in the latest step along the road in the consolidation of the container shipping sector. In February 2017 we took a look at how the concentration in the sector was evolving, and now seems like a good time to review how the profile looks today.

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

Across the spectrum of seaborne trade, crude oil and containers could hardly be more different. The former is the classic raw material commodity, whilst the latter represents the shipping of all sorts of manufactured end products. Yet in 2017, total seaborne trade in each stood less than 170 million tonnes apart, with a combined volume of 3.8 billion tonnes accounting for 33% of overall global seaborne trade.

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

Fluid dynamics is the study of non-solid matter: that which is mutable, volatile and mercurial! The analogies with the complex world of gas and seaborne LNG trade are obvious. But just as fluid dynamics is a framework for analysing the maelstrom of physical reality, so too can the gas trade be viewed through various helpful frameworks, for example that of the changing global energy mix.

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

 

In 1896, Wilbur and Orville Wright began to experiment with flight in their bicycle shop in Dayton, Ohio. But it was another seven years until the brothers successfully flew the world’s first powered aeroplane, with the maiden flight lasting just 12 seconds. Today’s bulkcarrier owners, holding out for loftier earnings, would likely empathise; getting airborne, and staying there, is a real challenge.

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