In general, the markets have bounced back exceptionally well, with perhaps the exception of crude and chemical tankers outlines MSI’s MD Dr Adam Kent at MM NYC. Read more at gcaptain
Month: June 2022
Have handysize asset prices peaked?
New tool providing quarterly assessments across all financial metrics suggests peak has passed for smaller bulk carrier prices, and canny owners are already divesting, writes Will Fray from MSI Read more at splash247.com
MSI pitches better second half for VLCCs — so long as China comes along
Large tankers need Chinese demand to rise if they are going to catch up with their peers, Read more Read more at Tradewinds.
Inside the secretive world of shipping Russia’s tainted oil
From clandestine transfers to tankers ‘going dark’, Moscow has found a way. MSI Director contributes to this article in the Telegraph
West Africa Market Harbors Positive Potential for MODU Operators
The region could be a key growth market for the oil and gas industry going forward. Improving sentiment surrounds energy market prospects offshore West Africa, the positive mood underpinned by higher oil prices, reformed regulatory frameworks in key markets including Angola and Nigeria and the discovery of major prospects off the Ivory Coast and Namibia writes Joshua Belo-Osagie from MSI. Read more at OEdigital.com
Containership charter hire rates still hitting new heights, but are expected to soften
Daily hire benchmarks being smashed in all sizes as ocean carriers, niche shipping lines and forwarders competed for the same vessels. The only dilemma keeping shipowners awake at nights is whether to take the huge daily hire rates on offer for short to medium periods, or bank the still- elevated rates from carriers for much longer periods reports MSI. Read more in Canadiansailings