While there appears to be little short-term hope of a rebound in freight rates on the Asia-North Europe trade, there are emerging signs that a demand recovery over the medium term could be under way, according to the latest analysis from MSI. Read more at The Loadstar.
After three torrid years of low profitability, a combination of falling costs and rising prices put yards on a stronger footing, writes Stuart Nicoll from MSI. Read more at Splash247.com
A lot of what’s happening economically on the ground in India mirrors China’s explosive growth at the start of the 21st century, but can the newly crowned world’s most populous nation deliver the fortunes for shipping? Read MSI’s Managing Director, Dr Adam Kent’s, thoughts on this topic at Splash247.com
The VLCC market could be on the turn after a September “disaster”, amid increased activity in the Middle East and US Gulf, according to analysts.
“September’s spot market has been something of a disaster for VLCC owners,” said MSI in its monthly tanker report. Read more at TradeWinds
Unwinding congestion and more vessel orders will dampen positive deadweight demand in the dry bulk market, according to MSI. Read more at Lloydslist
The trajectory of newbuild prices which have soared up by as much as 50% in less than three years is dividing experts with owners facing tricky decisions on when to kickstart fleet renewal programmes ahead of stricter 2030 green targets for shipping agreed at the International Maritime Organization this July.
MSI believes that newbuild prices might finally cool down over the next couple of years, a point of view not widely shared with shipbroking houses. Read more at Splash247.com
One reason for the decline is “the fact that liners have now well-equipped networks to serve the current level of demand”, argues London-based MSI. Read more at TradeWinds
MSI said chemical tanker orders shot up between March and June this year, with 40 newbuildings amounting to more than 600,000 dwt being booked. Read more at TradeWinds
Today’s announcement from Valaris is in line with the recent insights into floater reactivation prospects made by London-based MSI. Read more at Marinelog.
Negative impact of swing tonnage on timecharter rates has not deterred owners seeking newbuilding slots, says MSI’s Senior Chemical Tanker Analyst, Bonita Nightingale. Read more at Allaboutshipping.co.uk