Despite the “noise” of tariff policy, shipping markets sit in a stronger position today than they did six months ago…
Offshore markets have shown further softening over the past six months, with the Clarksons Offshore Index (rig, OSV and subsea…
In this week’s Analysis, we profile an LNG shipping market experiencing short-term headwinds (“spot” day rates hit record lows in…
Wednesday’s announcement of broad new tariffs on US imports, and China’s initial retaliation, has “rattled” global markets. For shipping, volumes…
As the world’s most populous country and fifth largest economy, India holds a growing role on the global stage. Within…
With the ClarkSea Index averaging $24,964/day (+6% y-o-y, +30% ten year trend), a strong earnings environment persisted across 2024 as the shipping industry managed disruption and complexities across the world’s supply chains. And despite an easing of rates and S&P prices in some markets in Q4, underlying fleet renewal helped drive the most active newbuild market since 2007.
Clarksons Research have today released their latest Green Technology Tracker, including full year 2024 data points, charting the progress of alternative fuel uptake and investments in energy saving technologies across the global shipping fleet.
Over 40,000 industry participants will soon gather in Hamburg for the biannual SMM trade fair, a key event for yards and suppliers. In this week’s Analysis, we chart market developments since the last SMM and at key points over the long term market cycle. Alongside a strong flow of newbuild orders and good retrofit demand, “managing disruption” and “going green” remaining key themes today.
At the end of August, the focus of the offshore industry will be on Stavanger, for Offshore Northern Seas (ONS) 2024. The biannual event this year occurs as offshore markets have emerged from the lean times of the later 2010s into a record upturn. Here we look at how the market has changed over the last two decades and also the energy security and energy transition challenges ahead.
It has been a half year of robust cross-market strength for the shipping industry, with our ClarkSea Index up 6% y-o-y ($25,498/day, 43% above the ten year trend) and the bulkcarrier and container sectors joining “energy” shipping in positive territory. Underlying volume growth and major disruption to trade patterns have again been supportive, alongside supply constraints in some key markets.
An update on the latest uptake of ‘green’ technology across the shipping sector
With the shipping community gathering again for Posidonia, in this Analysis we profile the position of the Greek market and the pivotal role it continues to play in global shipping (16% (18%) of global tonnage by gt (dwt)). And with a backdrop of strong markets but building strategic challenges around fleet renewal, energy transition and geopolitics, there will be plenty to discuss and debate!
After a decade of declining output, shipyard production has begun to edge up in recent years with deliveries in Q1 reaching a seven year quarterly high (10.1m CGT). Our projection for full year 2024 suggests a 15% y-o-y increase to ~40.6m CGT, although with a near term product mix dominated by gas carriers and containerships, the outlook varies by tonnage unit.
Despite an easing of overall conditions (our ClarkSea Index averaged a healthy $24,119/day in 1H, down 38% y-o-y but still…
Next week, the 35th Nor-Shipping trade exhibition returns to its traditional summer slot. Like most maritime gatherings today, there will…
In our 2022 review, we profile another remarkable year for the shipping industry, with a record breaking ClarkSea Index (up…
