Archives for posts with tag: Containers

With many holiday season gifts wrapped ready for exchange, this week we look at mainlane container trade to see how busy shoppers have been not just in the run-up to the festive period, but also throughout the year. This year has been extraordinary for container shipping in many ways; surging freight rates and major disruption have been key themes but volumes on the main trades have a big story to tell too…

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

The world shipping fleet has grown by >39,000 vessels since start 2000, and by >6,000 in the last 5 years (expanding by 7%, and 17% in GT). However, growing vessel numbers has not been a uniform trend across maritime. Notably, key offshore sectors are seeing unit numbers drop, and some shipping segments have also seen numbers ease. Here we take a closer look, and consider some of the drivers.

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

Every year, readers of Shipping Intelligence Weekly are invited to submit their predictions of the value of the ClarkSea Index at the start of November the following year. This time a year ago, there seemed to be optimism that the improvements filtering through to most shipping markets after the mid-2020 lows would continue. However, few could have predicted the extent of improvements that have developed.

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

As we’ve reviewed previously (see SIW 1,466 and 1,476), the container shipping markets have had an extraordinary 2021, with repeated record highs in container freight rates and containership charter rates, surging asset values as well as major port congestion and disruption to supply chains. “Knock-on” effects elsewhere in shipping have also been significant; here we take a look at some of the impacts.

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

Global seaborne trade has seen a strong rebound in 2021 so far; volumes were up c.4% y-o-y across Jan-July, according to our Monthly Global Seaborne Trade Indicator. However, with recent y-o-y trends distorted by significant short-term swings in trade last year, taking a look at our selection of volume indicators helps to track the progress so far on the road to regaining pre-pandemic trade levels…

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

Having fluctuated only fairly moderately through most the 2010s, the value of the world shipping fleet has risen sharply in 2021 so far to reach an estimated ~$1.2 trillion. Alongside longer-term trends, this notable uptick has largely been driven by increasing asset values, with impressive market conditions in key sectors pushing vessel prices upwards and also impacting the distribution of value across the fleet.

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

Covid-19 has created some huge challenges for the shipping industry, but the shipping markets have seen an impressive rebound and notable “disruption upside”. Since the onset of the pandemic we’ve reported on some extraordinary market dynamics, including some spectacular earnings this year and major asset price swings. This week we put this in the context of returns seen on pre-crisis investments.

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

Our half year shipping review (see SIW 1,479) profiled “some exceptional individual markets”, and 1H 2021 certainly illustrates how progress in some sectors has been boosted by disruption. Port congestion has hit the headlines and led to notable “disruption upside” for containerships and bulkcarriers in particular. Here we look at some trends indicative of capacity tied up in the various bottlenecks.

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

A year ago the Sale and Purchase (S&P) markets were struggling with huge Covid-19 economic uncertainty and the wide ranging logistical challenges of delivering a ship. While difficulties remain (especially around crew transfer), sales volumes have picked up to record levels with over 84m dwt of tonnage bought and sold in the first half and, in some segments, “eye-watering” asset value increases.

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

Last week we reported on a milestone for the ClarkSea Index (May was the best month since before the global financial crisis), and this week we take a look at one of the key elements: the record breaking performance in the containership sector. In recent weeks our Containership Charter Rate Index has reached a new record level, surpassing the previous high seen back in 2005.

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