Archives for posts with tag: Clarksons

Hard to believe it’s only six months since we reported the sanctions driven “super-spike”, and harder still to think it’s only six weeks since the collapse of OPEC+ talks took rates back to “heroic” levels! As tanker owners now try to weigh up the huge imbalances building in the energy markets and exactly how much oil the world needs to store afloat, this week’s Analysis reviews an extraordinary tanker market run.

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

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.

 

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.

 

With the IMO 2020 global sulphur cap now officially in place, changes to data series will be presented in the first Shipping Intelligence Weekly (SIW) of the 2020s. In this week’s Analysis we discuss some of these changes and our ongoing plans to track the impact of technology and accelerating environmental regulation on market supply-demand, vessel earnings, asset value and shipping company ratings.

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