Maritime Strategies International (MSI) cautioned, “Signs are mounting that suggest underlying consumption of raw materials in China is under threat.” Read more in American Shipper
Secondhand bulker prices almost double in 2021
More than 550 dry bulk vessels changed hands in first half of 2021, Maritime Strategies International data shows, which is a big jump from the 600 vessels involved in sales and purchase transactions in both 2020 and 2019. Read more in Lloyds List
Summer’s dog days see dry bulk market still playing the waiting game
Champagne corks are popping but adjust for the impact of China’s port delays and the outlook shows greater fragility writes Will Fray from Maritime Strategies International. Read more in Splash247
China bulker pileup dwarfs California container-ship gridlock
Read more in Hellenic Shipping News
Diamlemos fleet whittled down to two vessels after sale of last tanker
Piraeus-based Diamlemos Shipping is left with two 20-year-old bulkers in its fleet after offloading its last tanker. Read more in TradeWinds
Oilfield service sector needs consolidation to survive MSI warns
Drilling contractors and offshore service (OFS) providers should seek consolidation as soon as possible to secure their long-term future. This is one of the conclusions of Maritime Strategies International’s latest MODU Market Report. Read more in Seatrade
Getting the balance right on shipping’s GHG emissions reductions
Complying with IMO’s short-term greenhouse gas (GHG) reduction strategy will not be easy, but non-mandatory measures will prove more challenging, write MSI’s David Jordan and Will Fray. Read more in Riviera
Regulation and market measures combine to reshape the shipping market- Foresight July 2021
As decarbonisation efforts, global regulation, along with the Poseidon Principles gather momentum after what has been a volatile year, even by the shipping industry’s standards, MSI thought it pertinent to publish some analysis looking at what we might achieve in the near-term.
Offshore sector needs a reality check on long-term benefits of consolidation
The offshore drilling market is ripe for consolidation. The sector continues to face challenges managing an oversupplied, highly competitive market combined with overleveraged balance sheets, weak liquidity and stressed financials. Read more in Splash!
Cruise operators still searching for reset
A restart to full operations can’t come soon enough for cruise lines, whose financial position has become increasingly precarious given high debt levels incurred from fleet expansions and the fund raising required to survive the current crisis, Maritime Strategies International (MSI) said in a report. Read more here