Ahead of his presentation at the International Bulk Shipping Conference, MSI’s head of dry bulk freight and commodities research, Dr Plamen Natzkoff, looks at challenges in the Capesize freight market. Read more at Riviera
China dominates surge for dual-fuel tonnage
Chinese builders have won almost half of the dual-fuel newbuilding orders over the past 18 months, MSI’s data shows. China’s relatively abundant human capital and investments compared with its foreign rivals are said to be partly why it has gained a pole position in this market. Read more at Lloyds List.
Growth may be just around the corner – if carriers can hold their nerve
In its October Horizon monthly review of the container shipping market, analyst MSI says it expects Asia to North Europe volumes to start growing year on year from Q4. However, risks are “still weighted to the downside”, considering that another 2.6m teu of newbuild capacity is due to be delivered by the end of Q2 24. Read more at The loadstar
“Sold out” in Chinese shipyards until 2027
According to a quarterly analysis by the British company MSI, in August of this year the indicative shipbuilding prices were around 30% to 50% higher, compared to the levels at the end of 2020. Read more at Neatora
Small clean tankers in demand as solid earnings and brisk sales keep values high
The arrival of the AT Honor into the Metro Maritim Intitama fleet gives the company four tankers of around 10,000-dwt with an average age of 16 years.
Although the ship will likely operate in the Indonesian cabotage trade, MSI forecasts that if it continues to trade internationally, its earnings during 2024 will average $8,650 per day, a figure that one broker described as still good. Read more at TradeWinds
Green shoots of recovery on Asia-N Europe ‘will need to be nurtured’
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.
Will a reversal of fortunes position shipyards for the era of decarbonisation?
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
Can India become shipping’s next China this decade?
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
VLCC rates start to pick up after ‘disastrous’ September, say analysts
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
Dry bulk owners right to be disappointed
Unwinding congestion and more vessel orders will dampen positive deadweight demand in the dry bulk market, according to MSI. Read more at Lloydslist