Archives for posts with tag: Sale and Purchase

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.

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.

In addition to the variations in vessel earnings following the impacts of Covid-19, there have also been some dramatic swings in asset prices. Against the backdrop of a record surge in secondhand sales activity in recent months, a review of the high-level trends makes compelling reading for asset players, and highlights the magnitude of some of the vessel price dynamics.

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.

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.

With Covid-19 generating major disruption to the world economy and shipping industry, in recent weeks our Analysis has often focussed on demand side “shocks”. However, a range of supply-side impacts are also taking place, with key metrics changing rapidly. Activity is down across shipyard output, newbuild ordering and vessel demolition, with the risk profile evolving as the impact of the pandemic has spread.

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

The final year of the decade saw further improvements across the shipping markets with a 24% increase in our ClarkSea Index taking it to its highest level since 2010, principally driven by gains in the tanker and gas segments. Meanwhile the impact of “headline” growth in seaborne trade (1.1% to 11.9bn tonnes) and world fleet (4.1% to 2.1bn dwt) were supplemented by IMO 2020 related “adjustments”.

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

This week’s Analysis outlines recent trends in the shipping markets, in a summary taken from our upcoming Shipping Review & Outlook. From the varying market cycle positions, to economic headwinds, “manageable” supply growth, changing financial landscape, growing focus on environmental regulation and ‘green’ technology, and impacts of IMO 2020, there is plenty to review!

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

 

In this week’s analysis, we again update shipping’s mid-year report, reviewing progress across a range of shipping sector “subjects”. Our overall ClarkSea Index increased 8% y-o-y in the first half, to move marginally above the trend since the financial crisis. However while some “subjects” still achieve an “A” for effort, others might have to “repeat a year” unless they sit additional classes over the summer!

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

 

Sale and purchase has long been a central part of the shipping markets, and with 13,800 units reported sold secondhand across the shipping and offshore sectors over the last decade, this clearly remains the case. In fact, 2017 was a record year for S&P volumes with 2018 not too far behind. A range of factors influence secondhand transaction volumes; comparing ‘liquidity’ across sectors highlights some of these.

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