Archives for posts with tag: Overview

The last few years have marked a particularly challenging period for the shipbuilding industry, with contracting activity generally remaining limited and many yards facing difficulties. However, focusing on those builders which have been able to take contracts reveals one interesting angle, with the volume of orders per yard heading upwards, driven by both longer term trends and more recent changes.

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

The summer of 2018 has been a scorcher! Now that suits some people pretty well of course, but if you happen to be, say, a phlegmatic British shipping analyst sizzling away in the City of London, this sort of heat can leave you pining for the cold and wet to which you are accustomed. So in a spirit of escapism, this week’s Analysis uses Clarksons SeaNet data to take a look at activity in the lovely, chilly north…

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

From one viewpoint, given the huge range of companies involved, the ownership of the world fleet can look quite fragmented. But from another, the prominence of larger owners who account for the majority of tonnage is quite clear too. Upon closer inspection however, some sectors appear proportionally more likely to be home to the bigger, more diversified players than others.

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

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 the old song “It’s a long way to Tipperary”, the Irish county in question is “a long way back home”. For shipping it must feel a little like that too. Despite more positive sentiment, a supportive world economy, robust trade growth and slowing capacity expansion in many sectors, truly strong markets might still seem in many cases some distance away. But how far along the way are the shipping markets really?

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

Shipping markets are by their nature cyclical, but anticipating the timing of market cycles is rarely easy in practice, not least because shipping’s cycles are so enmeshed with other economic cycles, notably in underlying commodity markets. For example, while some of the key shipping sectors appear to be moving into the next phase of the cycle, current oil market uncertainties are complicating matters elsewhere.

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

The shipping markets are renowned for their volatility but today there is one aspect of the industry where the last cycle has taken 20 years. The orderbook expressed as a percentage of the existing fleet, a widely used statistic, is basically back where it was twenty years ago, following a very long cycle indeed, and the trajectory in the meantime is well worth a closer examination.

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