2023 Shipping Market Review
Although our average day rate index, the ClarkSea, fell y-o-y (driven by “normalised” container markets), it remained 33% above the ten year trend with gas, tanker, offshore and car carrier all experiencing strong conditions and dry bulk and containers (Red Sea disruption) rallying late on. With a return to trade growth and a good flow of newbuild and S&P, it was another positive year for many.
Offshore Oil & Gas: Half Year Review
First half 2023 statistics for the offshore oil and gas vessel and rig markets have been released by Clarksons Research, with encouraging trends continuing: The Clarksons Offshore Index (covering rig, OSV and subsea dayrates) up 18% across 1H-23 to 99 points, the highest level since 2014.
ClarkSea Record
In our 2022 review, we profile another remarkable year for the shipping industry, with a record breaking ClarkSea Index (up 30% y-o-y) and a maritime sector again managing wide ranging disruption from global events including the onset of the Ukraine conflict, continued impacts from the pandemic, a slowing world economy and divergent trends across the shipping sectors.