Archives for posts with tag: global economic

The container shipping sector derives many of its characteristics from the dual but separate nature of the freight and charter markets, and 2018 so far has seen some distinctly ‘two-tier’ trends in the box shipping space, with freight and charter rates experiencing a clear difference in performance. What has caused that to happen, and how likely is it to be sustained?

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

Advertisements

2018 so far has been a year of firming oil prices. Despite continued strong output growth from US shale, the crude price has risen, with Brent even topping $80/bbl, fuelled by political risk: Venezuelan instability, North Korea and sanctions on Iran. Supply outages, plus higher prices muting demand, have hit the tanker market. However, the flip side has been more positive indications (at last) in the offshore sector.

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

 

In June 2016, the ‘Neo-Panamax’ locks at the Panama Canal opened to commercial traffic, enabling a much larger proportion of the world’s fleet to transit the canal. Nearly two years on, official dimension restrictions at the Neo-Panamax locks are being amended, with an even greater share of the fleet theoretically capable of passing through the canal from 1st June onwards.

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

As the shipping community begins to gather for Posidonia, this week’s analysis reviews the market leading position of Greek owners. Ten years on from the financial crisis, Greek owners have expanded their control of the world fleet from a 13% to 17% share, today operating some 218m GT (370m dwt) valued at USD 105 billion. Certainly worth raising a glass (or two) while enjoying the parties and cocktails!

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

After three consecutive years of falling offshore project CAPEX, things were a little more positive on the project sanctioning front in 2017, with major developments such as Coral FLNG Ph.1 receiving FIDs and total global offshore project CAPEX rising by 44% y-o-y. Sanctioning sentiment is still well below pre-downturn levels, but the relative positivity seems to be holding, so what might be on the cards for 2018?

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

The shipping industry is essential to the smooth functioning of the world economy, transporting around 85% of the world’s international trade in tonnage terms. So it comes as no surprise that ships are all over the world at any given time. However, the ability to identify ships’ positions by vessel tracking systems today means that one can be more precise than ever in breaking this down a little further…

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

In the broader context of firm global LNG demand growth, Australian offshore gas mega-projects have been a significant feature of the offshore sector for the last decade, driving innovation (think Prelude FLNG) and yielding rapid production growth. There are also a few projects projected to push output even higher in the short term, though against this backdrop, there are some uncertainties in the longer term.

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