Archives for posts with tag: Containers

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.

Earlier this year (see SIW 1,467) we reported on our cross-segment ClarkSea Index laying down a new marker, with the average in Q1 the strongest for over a decade. Since then, with positive sentiment enduring in many shipping sectors, progress has continued and we now have another milestone to report: in May-21, the ClarkSea Index averaged its highest level since Sep-08, before the financial crisis.

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

Attention has frequently focussed on “disruption upside” in the shipping markets following the impacts of the Covid-19 crisis. Since late 2020, the container sector has provided a clear example. With box trade volumes recovering swiftly and underlying supply growth moderate, congestion at ports (and currently at Suez too) absorbing capacity has provided additional impetus, driving spectacular market progress. 

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

After a uniquely challenging year for the shipping industry, our first Analysis of the year reviews some of the dramatic trends from a Covid-19 dominated 2020. Benefiting from elements of “disruption upside”, our cross-segment ClarkSea Index actually ended the year down only 2% y-o-y, experiencing its second highest year since 2010 (after 2019) despite global seaborne trade falling 3.8% to 11.5bn tonnes.

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

At this point in the year, with many seasonal gifts having previously started the journey to their destination via containership, we often take a look at how the box shipping sector has been faring. As we approach the end of 2020, we can report not only on a rollercoaster ride through a tumultuous year, but also on a firm rebound, and an almost “perfect storm” leading to some record market conditions…

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