Category Archive For "Maritime Insights & Analytics"
Consolidation is King – Tidewater and Swire Pacific Offshore
Tongues are wagging in the Offshore sector this week, as one of the longest running rumours in the market has finally come true. Tidewater Marine (USA) has acquired Swire Pacific Offshore (Singapore) for USD 190 mil, the company’s biggest powerplay since its acquisition of GulfMark Offshore back in 2018. But why SPO, and why now? …
Digging in the Wrong Place – Ukraine Crisis Distracts from Bigger Trends in Seaborne LNG Market
The Ukraine crisis has sent global gas prices sky rocketing, but there may be bigger forces at work in the seaborne LNG market. While the world awaits developments on pipeline supplies, ship tracking data on seaborne LNG volumes may assuage the worst fears. The European benchmark TTF gas price has risen 135% so far in …
Diesel Vacuum in Crisis – Struck Europe Sucks In MRs
Demand for Clean Tankers has shifted up another gear, as the Ukraine crisis intensifies. As Russian troops amassed at the border with Eastern Ukraine last month and hostilities commenced on February 24th, the MR Atlantic Basket (an average of freight rates on key routes in the Atlantic Basin) climbed steadily from a January 25th low …
Newbuild Report 2021
Introduction 2021 was a record breaking year for the Maritime industry. The spread of three major Covid-19 variants had substantial repercussions for Shipping: labour shortages, port congestion and volatile oil demand, to name but a few. Responding to the fast changing nature of global trade, the newbuilding orders of 2021 have reflected a world littered …
Trade Report 2021
Introduction and Overview The Shipping markets saw unprecedented volatility during 2021 with time charter rates reaching all time highs in the Container and LNG markets, and decade highs in the Dry Bulk markets, before giving up a large portion of those gains at year end. The Tanker markets have truly been a story of two …
Russian Naval Drills Impact Black Sea Trade Flows
Despite ending a blockade of Ukraine’s Black Sea ports, Russian naval manoeuvres in the early part of February have visibly impacted traffic in the region. Ukrainian officials denounced Russian naval drills off its Black Sea coast last week, saying the presence of warships made navigating the busy trade route “impossible”. Traders were more cautious in …
What’s happened to the Teras Offshore Liftboat fleet?
Teras Offshore, once a notorious ‘‘big boy’’ in Singapore’s offshore oil & gas market and owning a varied fleet of Liftboats, Jack-ups and small AHTs, has recently been forced to close its doors for good and put an end to years of suffering and losses. On the 30th of December, the company officially announced it …
Demolition Report 2021
Introduction and Overview 2021 saw significant trends and changes in the Shipping industry with record breaking Container demand, surging steel prices, and the threat of returning lockdowns as new Covid-19 variants emerged. These factors have combined to result in a diverse demolition market. Last year saw 704 vessels sold for scrap overall, with a combined …
A Winter Write Up on the VLCC and LNG Markets
Introduction In today’s carbonised economy, where millions of barrels of oil are consumed daily, the transportation of fuel is a crucial cog in the world’s energy consumption. With such large quantities required globally, the oceans are the most cost effective route for moving this cargo to areas that do not have rich natural reserves of …
Top 10 Ship Owning Nations & Regions
Please note, November 2021 total fleet values in the Top 10 Ship Owning Nations & Regions include the vessel types covered by VesselsValue: Bulker, Tanker, Container, Reefer, Small Dry, LNG, LPG, Vehicle Carriers, RoRo, Cruise, OSV, OCV, MODU and CTV. Download the full infographic China China has moved up from 2nd in January to 1st …