Europe’s ban on Russian coal is seeing cargo travel much longer distances, nearly doubling shipping demand and boosting vessel sizes, writes Plamen Natzkoff from MSI. Read more at Splash247.com
Month: March 2023
Offshore wind farm logistics risk becoming a quayside carpark
HLP believes project developers will struggle to meet demand based on current logistics practices and equipment provision based on MSI forecasts for the total number of offshore wind projects to be installed, per year, for both fixed and floating foundation windfarm. Read more at Energyvoice
China likely to dominate 2023 oil demand growth
Tanker markets have performed well over the first two months of the year, with sharp increases in spot earnings in both the crude and products sectors, according to MSI. Read more at Seatrade
Samudera Shipping slumps despite posting strong FY2022 results
MSI analyst Daniel Richards commented that smaller shipping lines are likely to come under earnings pressure sooner than bigger lines with more diverse routes and cargo. Lines with more contract versus spot cargo will also see more earnings longevity. Read more at The Straits Times