Archives for posts with tag: Tanker

2020 has seen major disruption to the shipping markets and a “shock” to seaborne trade. Volumes in many sectors are now returning, but on a full year basis global seaborne trade is still set to have fallen (latest estimate: -3.6% in tonnes) . However, one underlying trade trend of recent years has sustained, with the “average haul” of seaborne trade looking set to have increased for the fifth consecutive year.

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. Of course none of our entrants could have predicted the major challenges and disruption seen across the shipping industry this year, but it can still be useful to review where sentiment was a year ago and how the markets have evolved since.

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

This year so far has seen major disruption to seaborne trade volumes from the Covid-19 pandemic (see SIW 1,443), but significant trends have also been apparent on the supply side. Despite underlying fleet growth, trends in floating storage, scrubber retrofitting, and ‘idle’ boxship capacity have led to sometimes dramatic developments in ‘active’ fleet capacity in the major sectors over recent months.

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.

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.

Discussion around average ship sizes usually focusses on “upsizing” in the fleet and vessel deliveries, following the entry of new classes of even larger ships into the world fleet and also new, larger designs in well-established sectors. However, tracking the average size of vessels being recycled reveals some interesting trends too, related to regulation, market and underlying fleet dynamics

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.

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.

 

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