Weak cargo volumes, improved fleet efficiency and China’s demand uncertainties contribute to a downbeat forecast. Read more at Lloydslist
Month: December 2022
LNG: Tight market to support strong carrier rates
“After an extraordinary 2022, where we have seen record charter rates and record orders for new LNG ships (despite rapidly rising newbuilding prices), I’m expecting a calmer LNG shipping market in 2023,” said MSI’s senior analyst Andrew Buckland. Read more at LloydsList
Which sector will perform best in 2023?
As 2022 comes to a close, industry stakeholders are looking ahead to what comes next. This year, high inflation rates and Russia’s invasion of Ukraine had a significant impact on the shipping industry, which will most likely continue into 2023. MSI’s Adam Kent contributes his thoughts to this article which can be read at splash247.com
Entering a recession in the LNG carrier market… “The volume of orders is likely to decrease over the next 10 years.”
A warning has been issued to the global shipbuilding industry that liquefied natural gas (LNG) carrier orders will be sluggish in the next decade due to the rapid increase in newbuilding deliveries, based on MSI analysis. Read more at theguru
Warning of mid-decade LNG shipping slump from newbuild delivery surge
LNG shipping is booming and shipyard capacity is extremely tight, but as new tonnage hits the water mid-decade it could outstrip liquefaction capacity growth heading to a market slump warns MSI. Read more at Seatrade-maritime.com
China Exports Collapse But Car Exports Remain Strong
“We expect that containerized export volumes will remain under pressure through the end of the first quarter of 2023 at least,” said MSI’s Daniel Richards. Read more at Shippingherald.com