Archives for posts with tag: Tankers

This week we review scrubber retrofits, tracking the vessels, yards and volume of tonnage involved. As activity ramps up, and with >1% of the fleet on an annualised basis projected to be off hire, shipping market fundamentals may get a helpful boost. But despite this ramp-up, looking ahead will it be long before our LNG fuel capable vessel count (~800 today) matches our scrubber vessel count (~4,000)?

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

There are many ways to measure the size of the multiple sectors that make up the global shipping fleet of c.97,000 vessels and c.1.4 billion GT. Some of these metrics, including the aforementioned vessel numbers and GT, show the fleet to be weighted more heavily in some areas than others, but there’s another equally important measure which appears to show an uncannily more even spread…

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

 

In such a volatile business as shipping, it is commonly held that shipowners are “paid to take the risk”. As a result of this, earnings from their assets may often be thin whilst they bide their time for the “days in the sun” when they enjoy earnings at the top end of the market range where they make a significant share of their money. Here we take a close look at this distribution of owners’ earnings.

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

In this week’s analysis, we again update shipping’s mid-year report, reviewing progress across a range of shipping sector “subjects”. Our overall ClarkSea Index increased 8% y-o-y in the first half, to move marginally above the trend since the financial crisis. However while some “subjects” still achieve an “A” for effort, others might have to “repeat a year” unless they sit additional classes over the summer!

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

 

Shipping and energy are two central features of the modern globalised economy. Indeed, in 2019 total seaborne trade is projected to exceed 12bn tonnes, while primary energy demand is expected to stand at over 14bn tonnes of oil equivalent: around 1.6 tonnes of seaborne trade and 1.8 toe of energy for everyone on the planet. What is the relationship between these salient features of global economic activity?

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

 

One of the most important building blocks of shipping market economics is the concept of the ‘delivered cost’ of a commodity and freight’s part within it. In general, the freight element of the cost of delivering (i.e. selling from the point of origin and shipping to the buyer) of a commodity is only a limited part of the total delivered cost. This has key implications for shipping market behaviour.

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

Once in a while, one of the many statistics regularly updated in Shipping Intelligence Weekly reaches a major milestone, and this month we have a significant one to reflect upon. As of May 2019, for the very first time we have been able to report on a global shipping fleet comprising over 2 billion deadweight tonnes in capacity. This week’s Analysis reviews the progress from the first billion dwt to the second…

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