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.
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…
While global newbuild order volumes fell (20% y-o-y in CGT terms), 2022 was still an active year for the global…
