This week, Clarkson Research released the latest shipping market summary report for the first half of 2019. The report carefully reviewed the performance of various sectors of the shipping market in the first half of this year. In the first half of 2019, the average Clarkson Shipping Index increased by 8% compared to last year, slightly higher than the average since the 2009 financial crisis. Some sectors have achieved good performance, but there are still some sectors that need to be improved.
Freight revenue, some progress
The overall performance of the shipping market in the first half of 2019 has improved, but it seems that there is still a way to go from the "all-youth".
The performance of the tanker market was significantly improved compared with a year ago (average income in the first half of the year increased by 80%), but due to seasonal factors, relatively short winter peaks, a large number of new ship delivery and refinery maintenance and repair, etc. The average yield of the tanker for half a year is still lower than the average since 2009.
The bulk carrier market was affected by the demand side impact (especially the iron ore supply contracted by various events) experienced a very difficult first half. Despite the recent recovery in the bulk carrier market, overall the average bulk carrier's revenue is still 22% lower than the same period last year and 21% lower than the average after the 2009 financial crisis.
On the other hand, the average yield of the container ship market in the first half of 2019 was slightly higher than the average after the financial crisis in 2009, and the performance of large container ships was gratifying (9,000 containers of container ships with a three-year lease rental of $36,000/day) ).
The revenue level of the LPG market continued its upward trend and remained at the end of the first half of this year (84,000 cubic meters of liquefied gas ship revenues reached US$70,000/day at the end of June, mainly driven by US and Australian export growth). In the first half of 2019, the average revenue of LPG carriers was still 6% lower than the average after the financial crisis in 2009, but far better than the average income of the same period last year was below the average of 65%.xx
全球船队的运力仍然良好。 2019年上半年的船队运力增长率达到1.9％，低于金融危机以来的平均水平。虽然上半年新船交付量略有增加9％至5100万载重吨，拆船量同比下降45％至1,080万载重吨，但总体而言全球船队容量增长率似乎仍然高涨在可控范围内。就载重吨而言，目前的订单量仅为当前全球船队规模的10％。预计年度船队增长率将达到1.9％，这将是过去20年来的最低增长率。 2019年上半年，新船订单同比下降54％至2500万载重吨，比金融危机以来的平均值低49％。同期，二手船的数量比去年减少了22％，仅为3400万载重吨。低于金融危机以来的平均水平。
资料来源：Clarkson Shipping Intelligence