For asset markets, 2016 so far has been characterised by structural overcapacity, depressed charter rates and a lack of financing available for many dry bulk owners.
The lock gates holding back tanker secondhand prices have sprung a leak. In its latest quarterly report on oil tanker markets, MSI notes that the combined build-up of pressure relating to softening earnings and increasingly negative sentiment have finally taking their toll on tanker asset values.
The continuing cost-per-slot supremacy of ultra-large container vessels (ULCVs) was called into question by speakers at last week’s TOC Container Supply Chain event in Hamburg, including MSI senior analyst James Frew.
MSI director, Dr Adam Kent, speaks at length to The Shipping Podcast, discussing what the drivers are for the various shipping segments and why they have such big impact on earnings and vessel values.