Archives for posts with tag: Clarksons

Tracking ‘idle’ containership capacity has become something of an institution in the box shipping sector, particularly in the years since the global financial crisis. Back in early 2009 it was reported that around 11% of all containership capacity stood ‘inactive’. Tracking idle boxship capacity through recent years reveals a similar peak during the Covid-19 crisis, but also a rapidly changing picture.

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

The containership sector has long been one of the key areas of vessel “upsizing” in the world fleet, and 2020 so far has seen some new “landmarks”, with larger units than ever before sold for recycling. Vessels recently sold for scrap were once considered to be the “megaships” of their day, which highlights the extent to which things can change as time passes…

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

 

Covid-19 has been a tough blow to the offshore sector. The sector has had a difficult last half decade, with the boom-times of >$100/bbl oil receding into the rear-view mirror. Although utilisation and dayrate levels began to tick up in 2019, the outlook was significantly weakened by Covid-19. Tracking the key indicators on how offshore markets are developing will be important as the downturn plays out.

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

In last year’s annual review, we profiled a strong expansion phase for the LNG market (12% trade growth in 2019). But this is also an industry with a long “stop-start” history and it looks like 2020 (driven by both Covid-19 and some pre-Covid drivers) will see recent growth stall. Despite these challenges, there remains encouraging long term growth potential and increasing opportunities from the bunkering market.

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

It has been reported in recent weeks that the first half of 2020 represented the lowest order volumes for the shipbuilding industry in over 25 years. In this week’s Analysis we look at the limited activity in more detail, the different units of measurement involved, previous order “droughts”, Covid-19 disruption and the outlook for an industry well used to “wild” swings in demand.

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.

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

As observed in our Shipping Market Impact Assessment (see SIN), some sectors of economic and seaborne activity are more heavily exposed to the impacts of Covid-19 than others. Previous Analysis has, for example, focussed on global oil demand (SIW 1417), and here we consider the effects on global container trade, the magnitude in a historical context, and the potential nature of the impact as it develops.

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

The impact of the spread of Covid-19 in Q1 2020 on the energy markets has contributed to a significant shift in the outlook for the offshore industry, as well as the wider oil and gas sector. Operators have shifted rapidly from planning modest increases in CAPEX budgets to making swingeing cuts, and major offshore projects are being delayed and cancelled as a result.

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