Analysis contained in the March issue of Splash Extra suggests this is the best year this century for VLCC, suezmax and aframax owners. MSI Director, Tim Smith, provides his views and points out that said it was too early to call 2023 as a year to beat the incredible earnings achieved in the mid-2000s. Read more at Splash Extra
Month: March 2023
Uncertainty weighs on dry bulk market
MSI’s dry bulk research desk was recently interviewed by Lloyds List on the prospects for the dry bulk market and the direction earnings will take over the course of the next 12 months and why. Read more at Lloydslist
The challenges for shipping in the midst of a banking crisis
The shipping industry has faced new challenges over the past 12 months due to higher funding costs following the rise in interest rates.
MSI’s Managing Director, Dr Adam Kent, contributes his thoughts on the topic in an article published by Naftemporiki
Energy market disruption sees coal cargoes fire up capesize demand
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
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