Increasing worldwide levels of offshore oil, gas and renewables developments will hike charter rates and remove market slack. According to MSI upstream investment in floating production systems (FPS) and well tie-backs will drive demand for subsea construction and maintenance support vessels this decade. Read more at Riviera
Australian thermal coal purchases by China will be muted, as local utilities have signed long-term supply contracts with domestic miners, combined with the more attractively-priced alternatives including Russian coal, said MSI’s dry bulk analyst Plamen Natzkoff. Read more at Lloydslist
MSI estimates that deliveries will total 717,900 twenty-foot equivalent units in Q2 2023, up 62% sequentially from the current quarter, with deliveries rising to 764,800 TEUs in Q3 2023. Read more at FreightWaves
An overview of how the shipping markets will develop over the course of the year as detailed by MSI’s sector analysts. Read more at SeaTrade
“We expect to see the tide turn on scrapping volumes this year with 2023 already starting off at a steady pace,” predicted Dr Adam Kent, MSI’s managing director. This is primarily driven by containership and dry bulk removals. Read more at SplashExtra
MSI analyst Daniel Richards unpacks three important elements to look for this year within the industry. Read more at container-xchange
Upstream investment in floating production systems (FPS) and well tie-backs will drive demand for subsea construction and maintenance support vessels this decade.
MSI offshore energy market analyst, Joshua Belo-Osagie said “FPS projects in Latin America and West Africa, and maintenance work in the North Sea and Asia are driving market demand.” Read more at Riviera