Archives for posts with tag: Shipping Intelligence Network

Following the huge swings of 2020, the container shipping markets experienced extraordinary conditions through 2021, driven by a strong rebound in global container volumes and major upside from severe logistical disruption and port congestion. Though significant operational challenges remained, container freight rates and containership charter earnings set new all-time highs.

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

After showing admirable resilience in 2020, shipping markets performed remarkably last year as trade volume recovery, widespread congestion and modest fleet supply growth contributed to a 93% increase in our cross-segment ClarkSea Index ($28,700/day). This cash influx also supported record S&P transaction levels (145m dwt, $46bn) and the highest newbuild order volumes since 2014 (120m dwt, $107bn).

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

With many holiday season gifts wrapped ready for exchange, this week we look at mainlane container trade to see how busy shoppers have been not just in the run-up to the festive period, but also throughout the year. This year has been extraordinary for container shipping in many ways; surging freight rates and major disruption have been key themes but volumes on the main trades have a big story to tell too…

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

The world shipping fleet has grown by >39,000 vessels since start 2000, and by >6,000 in the last 5 years (expanding by 7%, and 17% in GT). However, growing vessel numbers has not been a uniform trend across maritime. Notably, key offshore sectors are seeing unit numbers drop, and some shipping segments have also seen numbers ease. Here we take a closer look, and consider some of the drivers.

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

Every year, readers of Shipping Intelligence Weekly are invited to submit their predictions of the value of the ClarkSea Index at the start of November the following year. This time a year ago, there seemed to be optimism that the improvements filtering through to most shipping markets after the mid-2020 lows would continue. However, few could have predicted the extent of improvements that have developed.

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

The LNG sector has seen a number of new records set this year, including soaring gas prices in recent months and the highest ever spot charter rates in early 2021. Against this backdrop, LNG carrier supply trends have been less high profile, but new markers have been reached here too; deliveries in Jan-Sep reached a new high of 8m cbm, pushing LNG carrier fleet capacity to over 100m cbm for the first time.

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

2021 looks set to be a marquee year for shipowners in many sectors, with recent Analysis in SIW 1476 and SIW 1492 exploring the impact of surging containership and bulkcarrier earnings. On the other side of the coin, the recovery in shipping markets has also sparked something of a resurgence in newbuilding activity. After the first three quarters of the year, how are shipbuilders faring so far?

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

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.

After the dramatic disruption of 2020, offshore oil and gas markets are seeing slightly improved activity, utilisation and sentiment edge into the market. Extracted from our upcoming Offshore Review & Outlook, this week’s Analysis profiles these trends alongside continued challenges. And as the focus on energy transition and de-carbonisation intensifies, offshore wind continues its exciting growth phase.

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

On a number of occasions this year (see SIW 1,475 and SIW 1,467) we have reported on our cross-segment ClarkSea Index marking new milestones, including reaching the highest level since September 2008, before the financial crisis, back in May. Since then, the ClarkSea Index has recorded even more notable gains, and at the end of August stood in the top 2% of all values recorded over the last 30 years.

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