The increasingly negative sentiment in the tanker sector combined with lower earnings are now pushing second-hand vessel prices down to a new low. And the prices look set to keep sliding to new lows ahead of 2018
Earnings in the shipping sector are some of the most volatile time series in any financially traded market. While earnings volatility is one major factor, market cyclicality and asset value volatility also play an important role in evaluating market risk.
On the 22nd June MSI director Dr. Adam Kent delivered his presentation entitled “From the Weeds to the Trees – Where to look for Opportunities” to the delegates of Marine Money Week in New York. Download the presentation here.
MSI’s analysis of the Brexit vote revealed that the downside risks for this market have been extended beyond this year and into next as the risk of recession grows at a time of short-term political and economic uncertainty.
Following the UK’s decision to leave the EU, MSI has run a preliminary scenario to look at the potential impact of weaker European growth on the Vehicle Carrier (PCTC) market, and to consider the wider implications of market oversupply. For more detailed analysis please contact MSI.
The panama canal and US port capacity were both on the agenda as MSI’s research director, Niklas Carlen, spoke to Automotive Logistics magazine. Click below to read the full article.