Archives for posts with tag: Gas

2020 has seen major disruption to the shipping markets and a “shock” to seaborne trade. Volumes in many sectors are now returning, but on a full year basis global seaborne trade is still set to have fallen (latest estimate: -3.6% in tonnes) . However, one underlying trade trend of recent years has sustained, with the “average haul” of seaborne trade looking set to have increased for the fifth consecutive year.

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. Of course none of our entrants could have predicted the major challenges and disruption seen across the shipping industry this year, but it can still be useful to review where sentiment was a year ago and how the markets have evolved since.

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

30 years is a long time in any sphere, and an even longer time in a fast-paced industry like shipping. The markets of the 1980s seem dim and distant, with a heroic boom and a few crises in between. However, one thing today looks similar: the “classic” orderbook as a percentage of the fleet ratio, a yardstick for assessing future supply growth, is now, at 7.4%, as low as it has been since 1989.

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

Covid-19 has led to a major “shock” to the shipping markets, and tracking the impacts has brought a range of metrics, including new “near-term” data, into close focus (see our Shipping Market Impact Tracker on SIN). One statistic, however, which has not received quite so much attention this year has been average vessel speed, but with half of the year completed it’s a good time for an update.

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.

 

Three weeks ago, Shipping Intelligence Weekly considered the effect of global efforts to moderate climate change, and the potential maritime impacts of ‘energy transition’ and decarbonisation (see SIW 1,422, 15th May 2020). This week’s Analysis continues the story, looking at scenarios for the future shape of energy production offshore which may play out as patterns of world energy use evolve.

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.

The ‘shock’ to the world economy from the Covid-19 pandemic is exerting clear pressure on seaborne trade. Significant uncertainty remains over the outlook, but current projections suggest the sharpest fall in global seaborne trade for over 35 years in 2020. However, impacts vary across the shipping sectors, with some commodities appearing more heavily exposed to disruption than others.

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