MSI expects no easing of capacity bottlenecks in the PCTC sector in the short to medium term, despite the number of new car shipments falling due to supply chain bottlenecks.
MSI warned automobile groups and other cargo owners that the situation could even worsen this year and in 2023. Read more at DVZ Deutsche Verkehrs-Zeitung
While a softening in consumer demand has weakened global freight rates, the containership charter markets are largely insulated, due to the absence of open tonnage and the duration of time charters.
Although there are signs of the red-hot charter market cooling, particularly in the smaller sizes, and some loss of appetite for multi-year fixtures, MSI’s suggests there is no immediate signs of major corrections. Read more in The Loadstar
Product tankers are in the spotlight as recovering demand meets constrained supply and crude trades recalibrate to new geopolitical realities. A combination of geopolitics and COVID policy is colliding with rising demand for oil products to sustain the extreme volatility seen in tanker markets in Q2 22, writes MSI Director Tim Smith. Read more in Splash247.com
As volumes from Ukraine fall dramatically, Russia looks to capitalise from its invasion by shipping more grains, namely wheat, maintaining its dominance as the world’s largest exporter. “Grain is still flowing from Russia despite what is happening as the world needs food,” said MSI’s Dry Bulk Analyst Will Fray. Read more at Lloydslist
MSI has added a new tool, Environmental Credentials, to its FMV output, enabling users to understand the performance of their vessels and fleets – and those of their competitors. The new service provides estimated ratings against the International Maritime Organization’s EEXI and CII regulations to 2026 and Annual Efficiency Ratios for 2020 and 2021 measured against the Poseidon Principles trajectory and a ‘zero emissions’ scenario by 2050. Read more here Hellenic Shipping News