Archives for posts with tag: Tanker

Sometimes in shipping, as in life, things come along that nobody really expects. US shale/tight oil production, which was barely on the radar ten years ago, seems to be one of those things. The most recent news, of US crude being unloaded in the Middle East and of output passing 1970s levels, has not come entirely out of the blue. But imagine saying ten years ago that the USA could soon be a net oil exporter…

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

 

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The Economist’s ‘Big Mac’ Index is a well-known comparison of the relative cost of an item (in this case the ubiquitous burger) in different countries, once the local currency has been converted into US dollars, to provide an indication of the cost of living in various places around the world. In shipping, largely, the dollar rules, but investors still need ways of measuring the cost of potential returns…

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

 

After reporting on a range of gloomy statistics in 2016, has shipping been able to pick itself up from ‘rock bottom’? Strong trade volumes, a record S&P market and improving bulker and containership markets have all provided some welcome relief. But challenges in the tanker, gas and offshore markets continue while uncertainty around environmental regulation builds. As ever, it’s been an interesting year!

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

A key driver of seaborne trade growth over the last two decades has been the spectacular economic rise of China. With the Chinese economy likely to gradually mature, the idea of the “next China” for shipping has been often discussed, and India has often been put forward in this context. There are many factors to consider, but in any evaluation of this possibility, trends in India’s energy sector are highly significant.

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

In an industry as volatile as shipping, having the right ship at the right time can bring significant rewards, but the other end of the cycle can be deeply painful. As any surfer knows, to ride the waves good timing is vital, but notoriously tricky. For shipowners, tracking movements is also key; assessing the markets is paramount but carefully watching how the cost base is changing is clearly important too…

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

 

Every year, readers of the Shipping Intelligence Weekly are invited to submit their predictions of the value of the ClarkSea Index at the start of November the following year. Last week the ClarkSea Index stood at $12,323/day, up 31% on the 2016 average level. This reflects some improvements in shipping market conditions, but how did it match up to the views of the entrants in our competition?

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

It’s a classic movie theme: in order to overcome potential challenges or make the most of upcoming opportunities, the protagonist first has to hit the gym and get bigger, stronger and fitter. Of course, in the movies, this is all shown via montages; in reality, things tend to take a little longer. That being said, the average-sized ship in some fleets has been gaining heft relatively quickly in recent years…

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