Fortunes rest on how China’s import demand holds up — but more often than not, the second half of the year has been more profitable than the first half.
Still, many participants await news of a meaningful stimulus package that may prop up the property sector and pull in more commodity imports.
“The elephant in the room is China,” said MSI’s dry bulk analyst Plamen Natzkoff. Read more at Lloydslist
Secondhand asset prices in the dry bulk market are showing a premium over vessel earnings that is unprecedented in the past 30 years, writes Plamen Natzkoff, associate director, MSI. Read more at Splash247.com
There is a bullish outlook for the offshore vessel sector both among US owners in the sector and from analysts.
Analysis presented at Marine Money New York Conference by Dr Adam Kent, from MSI, which produces a matrix with prospects for all the maritime segments viewed the OSV sector as one of the most attractive to invest in. Read more at Seatrade Maritime
“After 15 years of bearishness, I’m getting bullish,” Tor Olav Trøim said recently, adding: “I look at supply and the orderbook for tankers and bulkers are at 30- to 40-year lows. There’s something interesting happening.”
The low state of the tanker orderbook was covered extensively at the recent New York Marine Money conference, including via a presentation given by Dr Adam Kent, managing director of MSI. Read more here Splash247.com
As we approach the six-month anniversary of the announcement by Maersk and MSC that they would end the 2M Alliance, MSI considers how these changes might impact demand for different sizes of ships in the years ahead. Read more at The Loadstar
A carbon tax is essential to helping the shipping market price next generation vessel earnings and asset values, says MSI. Read more at TradeWinds
Minor bulk commodity movements have declined or stayed flat in 2023 so far amid a slowing global economy. Only bauxite has remained strong.
“However, the global economy still seems to be decelerating and the loss of momentum in China is especially concerning. In the absence of a clearer signal of much more sizeable stimulus measures in China, the risks to the minor bulk trades over the next several months are rising.” said MSI Associate Director Plamen Natzkoff. Read more at Lloydslist.
LNG bunker price expected to start trading at a substantial discount to low-sulphur fuel from 2024, helping create a premium for charter ships burning the fuel. For dual-fuel methanol ships, the picture is less clear even with shipping included into the EU ETS, as the price for green methanol would be significantly higher, according to MSI. Read more at Lloydslist