Archives for posts with tag: Regulatory

Six months on from our last Shipping Review & Outlook, an encouraging market recovery has since developed into a range of exceptional market conditions. And stakeholders across maritime are balancing a focus on returning volumes and management of widespread disruption with an increasing urgency to implement regulation and policy around greenhouse gas emissions reduction.

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

Extracted from our upcoming Shipping Review & Outlook, this week’s Analysis profiles recovering trade volumes, an encouraging supply side, the increasingly central role of Green Transition and elements of improved sentiment. While uncertainties around the nature of recovery and pressures from the pandemic remain, our projections suggest trade will return to pre-Covid levels in 2021 and reach 12bn tonnes.

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

Despite Covid-19 related disruption early in 2020, repair market activity stabilised quickly last year. This week’s Analysis profiles trends in repair yard work, impacted by regulations including the Ballast Water Management Convention and IMO 2020. Meanwhile, trends related to shipping’s GHG emissions and its wider ‘Green Transition’ look set to offer significant future repair yard work opportunities.

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

In a tough year for shipbuilders, orders dropped by a third but a flurry of orders at year end contributed to the most active quarter since early 2018. Global production slipped to its lowest levels in 15 years but, at still over 85% of 2019 levels, yards showed good resilience given Covid-19 challenges and continued consolidation. Reflecting the Green Transition, alternative fuel orders increased to 29% of the orderbook.

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

Although the shipping industry is only at the start of a unprecedented investment program around fleet renewal ($1 trillion of newbuild orders this decade?) and shoreside infrastructure to deal with emissions reduction, this week’s Analysis features extracts from our latest Fuelling Transition series profiling important progress so far in uptake of Alternative Fuels, ESTs, “Eco” engines, scrubbers and port facilities.

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

In this week’s Analysis we preview extracts from our latest Fuelling Transition report. Besides our usual update on regulation, technology uptake including alternative fuels, economic impacts and future scenarios, we also present additional analysis on CO2 emissions across the industry (shipping is 2.3% of global emissions), within the main shipping fleets and of individual shipping companies.

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

The Covid-19 pandemic has led to disruption across almost every sector of the shipping industry, and in this week’s Analysis we look at impacts in the ship repair market. After a positive 2019, yard closures, logistical difficulties and survey deferrals have all impacted activity levels while scrubber retrofitting has also declined sharply. Despite the immediate challenges, longer term prospects may be more positive.

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

So often shipping market observers’ attention centres on new ships but shipping’s ongoing fuel transition has also focussed discussion on the older, often less fuel-efficient tonnage in today’s world fleet. In order to understand how the phase out of older ships might look, and estimate its potential impact in certain areas, it”s worth taking a look at the age profile of the world’s tonnage in more detail.

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

As a whole, the key shipping markets made steps forward in 2019, with our ClarkSea Index on average up by 24% on the previous year. In a number of sectors this came against the backdrop of less than wholly supportive “headline” supply-demand fundamentals. Whilst these remain of primary importance, other notable factors have clearly been having a significant impact on market dynamics…

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

 

After five years of declining output, global shipyard output increased marginally in 2019, to 32.8m CGT. However, the recovery in ordering since 2016 reversed, with contracting down 30% despite an improving earnings environment (ClarkSea Index up 24%), underlying demand for tonnage to meet global trade (11.9bn tonnes in 2019) and fleet replacement (23% of tonnage over 15 years).

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