Archives for posts with tag: Shipping Intelligence Weekly

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.

 

Covid-19 has led to a major “shock” to the shipping markets, and tracking the impacts has brought a range of metrics, including new “near-term” data, into close focus (see our Shipping Market Impact Tracker on SIN). One statistic, however, which has not received quite so much attention this year has been average vessel speed, but with half of the year completed it’s a good time for an update.

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

In these extraordinary times, the cancellation of school exams has been one of many unprecedented events. As we examine performance in our half year report, this is not an option for the shipping industry as it battles through the many challenges (and some upside) that Covid-19 has brought: a severe 5.6% drop in seaborne trade; a 10% drop in port activity; sharp declines in demolition and newbuild ordering.

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

Relations between the US and China have been back in the headlines recently, with tensions seemingly on the rise once more. For the shipping industry, the US-China ‘trade war’ was one of the key issues of 2018-19, and the ‘phase one’ trade deal in early 2020 was an encouraging sign that US-China trade could pick up. But with Covid-19 dominating trends in the year to date, how have volumes fared so far?

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.

Three weeks ago, Shipping Intelligence Weekly considered the effect of global efforts to moderate climate change, and the potential maritime impacts of ‘energy transition’ and decarbonisation (see SIW 1,422, 15th May 2020). This week’s Analysis continues the story, looking at scenarios for the future shape of energy production offshore which may play out as patterns of world energy use evolve.

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

That recent times have been a good demonstration of shipping market volatility comes as no surprise. There have been more than enough major events to drive significant fluctuations in our ClarkSea Index, and the statistics make this clear. Developments in the tanker sector have recently dominated the index trend in terms of volatility, but that doesn’t mean that every sector has followed quite the same storyline… 

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

The ‘shock’ to the world economy from the Covid-19 pandemic is exerting clear pressure on seaborne trade. Significant uncertainty remains over the outlook, but current projections suggest the sharpest fall in global seaborne trade for over 35 years in 2020. However, impacts vary across the shipping sectors, with some commodities appearing more heavily exposed to disruption than others.

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

 

In our March semi-annual report, we cited satellite imagery of reduced pollution as economic activity slowed as a “stark reminder of climate change”. In this week’s Analysis, we look at some of the challenges (and opportunities) the shipping industry potentially faces with its cargo base, changes in offshore activity and in reducing its own emissions footprint through fuel transition, technology and regulation.

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

As observed in our Shipping Market Impact Assessment (see SIN), some sectors of economic and seaborne activity are more heavily exposed to the impacts of Covid-19 than others. Previous Analysis has, for example, focussed on global oil demand (SIW 1417), and here we consider the effects on global container trade, the magnitude in a historical context, and the potential nature of the impact as it develops.

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