MSI believes that in most cases, owners will opt for either EPL or shaft power limitation (ShaPoLi). “It is understood to be a cost-effective, quick, and unobtrusive process that should not impede a vessel’s usual maintenance schedule and therefore will not absorb tonnage for the installation process over the coming months.” Read more MSI views on this topic at Splash247
Amid a record ordering boom – and with an eye on fleet renewal ahead of IMO 2050 – shipbuilders are looking at expansion for the first time in a decade.
MSI Director Stuart Nicoll states that “physical capacity tends not to disappear as yards are either mothballed or put to work on other forms of heavy industry, effective capacity is a lot easier and quicker to bring back online when markets improve, though one limiting factor can be the availability of a trained workforce“. Read more views at Splash247
Risks to shipping markets were in focus as analysts from Maritime Strategies International (MSI) shared their opinions and outlook on the dry bulk, container, oil and newbuilding sectors to a China Shipping Outlook 2022 webinar. Read more at Seatrade Maritime News
A deteriorating picture of the container freight market outlook is painted by the Maritime Strategies International’s (MSI) July Horizon report.
The analysts say they continue to expect container markets to “run out of steam” in the third quarter, with “a sharper drop-off in Q4 as the unwinding supply chain disruptions and cooling consumer demand drive the decline in freight and time charter rates”. Read more at The Loadstar
Yards have built up a large order backlog, with deliveries scheduled up until 2026. This means that construction of most vessels on order will start in the next two years, when buyers will start to pay the remaining ship price. MSI is currently expecting to see an increase in cancellations amid rising interest rates and slowing economic growth. Read more at Lloydslist.
On July 22, MSI and Xinde Marine News jointly organized MSI Shipping Outlook China 2022 Online Seminar. In total, nearly 310 attendees from more than 200 companies joined the webinar and more than 1000 participants viewing via live streaming. Read more about the event Xinde Marine News
Offshore support vessel (OSV) owners will benefit from increased investment in the North Sea oil and gas sector, with some deferred projects being brought forward. High energy prices are driving oil and gas companies to expand their expenditure on new offshore projects, some involving billions of dollars of investment for deepwater projects.
Watch MSI Director James Frew’s interview at the recent OSJ conference with Riviera.
The outlook for container ship deliveries faces shipbuilding challenges in China and South Korea, says Maritime Strategies International container ship analyst Daniel Richards. Read more in Riviera
MSI Director, Tim Smith, commented “in May, crude shipments from the Middle East to Asia dropped by about 8% month on month” in an article published in spglobal.com
Contrary to market views that the Energy Efficiency Existing Ship Index rules will support bulker demand due to lower speeds, MSI says the impact of congestion easing will more than offset the slowdown in the fleet. Read more at Lloydslist