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.
Despite an easing of overall conditions (our ClarkSea Index averaged a healthy $24,119/day in 1H, down 38% y-o-y but still…
In our 2022 review, we profile another remarkable year for the shipping industry, with a record breaking ClarkSea Index (up…
At the end of August, more than 70,000 people will descend on Stavanger for Offshore Northern Seas (ONS). After the…
