Shipowners and analysts were in high spirits as they dissected the current market situation and its root causes at Marine Money in New York.
Dr. Adam Kent, Managing Director of MSI kicked off the day’s proceedings by bringing the details into focus. Read more at Seatrade.
Tight shipyard capacity and the fear of missing out are driving values well beyond the likelihood that outlay can be recouped in earnings, writes Plamen Natzkoff from MSI. Read more at Splash247.com.
MSI Director Tim Smith comments in this article “The long-run view for oil demand is not necessarily the same as the view for the international oil trade,” Read more at FT.com
More shipyard capacity will be required in the coming decade, both for newbuilds and retrofits, according to an influential new magazine published at Posidonia in Athens today.
New shipbuilders are forecast to emerge from Vietnam, the Philippines and India as global shipyard capacity grows gradually through to 2035, according to the ABS forecast, which uses data from UK consultancy MSI. Read more at Splash247.com
Daniel Richards, a director at London-based maritime consultancy MSI, says the disruption is nowhere near the levels experienced during the Covid-19 pandemic, when an unexpected surge in consumer demand and reduced staffing on ships and at ports induced near-paralysis in parts of the world’s maritime transport system. Read more at The FT.
Leading industry experts came together to provide a comprehensive analysis of the current and future market dynamics within the chemical carriers, product tankers, and LPG carriers sectors.
In her detailed presentation, MSI’s senior chemical market analyst, Bonita Nightingale provided a thorough overview of the demand developments in 2023 and an outlook for 2024 and beyond. She noted that the past couple of years have been exceptionally volatile but also marked by significant highs in earnings and asset values. Read more at Riviera.
A combination of weather conditions, trade demand and geopolitics has buoyed container ship freight and charter rates, says a report from MSI analyst Parmenion Laliotis. Read more at Riviera.
