The barrage of general rate increases (GRIs) by major liners in April and the 1st and 15th of May have also contributed to the spot freight rate surge,” observed a new report from UK consultancy MSI. Another factor leading to the surge picked up by MSI has been bad weather at Chinese ports this month. Read more at Splash247.com
Month: May 2024
European exporters’ cold chain conundrum
Easyfresh, a reefer logistics provider, said in its May newsletter that the Red Sea diversions have been a “disaster” for European exporters, and the company quotes a March report by consultants MSI to bolster this view. Read more at Seatrade
Joe Biden’s China probe throws lifeline to South Korean and Japanese shipyards
Chinese yards were gaining ground, said Adam Kent, Managing Director at MSI. “There’s still a market perception that the Chinese quality is not as good as in Korea but that quality is [moving] closer.” Read more at FT.com
All eyes are on the large LNG carrier orderbook
The large LNG carrier sector is about to experience an unprecedented level of deliveries, but not all will start work immediately in their respective projects.
MSI’s LNG shipping analyst Andrew Buckland tackles some of the difficult questions the surge in large LNG carrier deliveries in 2025 will pose for the industry in Riviera.
Due diligence needed on dry bulk’s divergent fortunes for balance of 2024
Ahead of attending tomorrow’s inaugural Geneva Dry, Plamen Natzkoff, associate director covering dry bulk for MSI, sets the scene in the markets.
Looking back on the strong performance of the dry bulk freight markets through Q1, expectations for the rest of the year – when trade volumes can be expected to pick up further – will be for further positive momentum. Read more at Splash247.com