According to a report from the research consultancy Maritime Strategies International, only 7.5m people took cruises in 2020, compared with almost 30m in 2019. MSI said that it expected 11.9m people to take a cruise this year. Read more in the Financial Times
Month: January 2021
World boxship fleet update: New orders emerge at end of extraordinary year
“A flurry of large containership order at the end of 2020 has increased the industry orderbook back to just over 10% of the fleet, although almost all were orders we already had anticipated would take place in either 2020 or 2021,” said analysts at Maritime Strategies International. Read more in Lloyd’s List
Near-term uncertainty plagues the OSV market
Limited visibility and volatility have made planning for 2021 difficult and there is little by way of longer term clarity, writes Gregory Brown, associate director – offshore at Maritime Strategies International. Read more in Splash News
Car carrier sector shows signs of recovery
Car sales crept up toward pre-pandemic levels toward the end of the year. Tonnage is getting scarce, and an ‘extremely low’ orderbook bodes well for future earnings, MSI research director Niklas Carlen says. Read more in Lloyd’s List
Cruise passenger numbers seen to stage strong 2021 leap but remain way behind 2019
The number of people taking a cruise worldwide this year is likely to stage a strong rebound from 2020, but even this would leave the 2021 levels more than 50% below the figure reached before the Covid-19 pandemic in 2019, a leading research and forecasting consultancy Maritime Strategies International (MSI) said in a report. Read more in Cruise Business
Cruise recovery in 2021 faces big challenges says MSI
Confidence in the safety of cruise shipping and the economic impact of Coronavirus on potential demand will challenge the industry’s attempts at a full 2021 recovery, according to leading research and forecasting consultancy Maritime Strategies International. Read more in ShipInsight
No end in sight for container shipping dysfunction
For anyone who might have thought the arrival of the new year would bring relief from the crushing port congestion and global deceleration of container flows, disappointment arrived promptly and will likely linger for months to come. Read more here in JOC
MSI publishes latest Cruise report
MSI cautious on 2021 recovery forecast for cruise shipping: Concerns over vaccine availability, the resumption of US operations and further mutation of the virus cloud the chances of quick return to normality.
Which sectors will fare best and worst in 2021?
“Perhaps the most spectacular and at first glance counterintuitive, given the headline macroeconomic backdrop, has been the levels to which the containership charter market has been able to reach in Q4 2020,” Kent said. Read more in Splash!