Archives for posts with tag: shipbuilding

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.

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.

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.

It has been reported in recent weeks that the first half of 2020 represented the lowest order volumes for the shipbuilding industry in over 25 years. In this week’s Analysis we look at the limited activity in more detail, the different units of measurement involved, previous order “droughts”, Covid-19 disruption and the outlook for an industry well used to “wild” swings in demand.

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.

As Analysis in SIW 1,395 illustrated, vessel speed dynamics have been a notable part of the shipping market story over the last decade or so. With another full year of average vessel speed data to examine, it’s a good time for an update, focussing in on the trends last year in particular but also re-visiting the broader importance of tracking vessel speeds…

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

Conditions in the offshore sector have been notably challenging since the oil price crash of 2014. One particularly stark symptom of the downturn has been the long slowdown in the pace of delivery of offshore assets. Although this has offered some supply-side support, it has provided a clear sign, even after some market improvements, of quite how sustained the impact from a prolonged downturn can be.

 

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