In its Q3 Dry Bulk report, MSI estimates dry bulk newbuilding orders in the first eight months of the year above 25m dwt, with the potential for further upside on the back of late-reported deals. Despite a slight August lull, second-hand bulker values remain firm. Read more at Worldports.org
Month: September 2024
Offshore vessels seen as best investment in shipping today
Many segments in shipping are enjoying highly profitable times, however, the single best investment owners could make today is in offshore support vessels, according to a new analysis unveiled in Singapore yesterday.
Speaking at Marine Money Asia, Dr Adam Kent, managing director of British consultancy MSI, gave his broad take on all the shipping and offshore markets, identifying the best investments to make today. Read more at Splash247.com
Peak in sight for capesize asset values, says MSI
The final countdown is on for capesize bulker asset prices, according to new analysis.
Data platform MSI thinks secondhand values are likely to peak within the next six months. Read more at TradeWinds
MSI affirms ‘very positive outlook’ for tanker sector
High tonne-mile demand as a result of tankers diverting round the Cape of Good Hope has underpinned crude and product tanker deadweight demand growth of 5.5% and 4.5% respectively so far this year.
Second quarter analysis by MSI reveals that deadweight demand growth is about three times higher than growth in cargo volumes so far this year. Read more at Seatrade Maritime
Brace yourself for an underwhelming end to the year
The usually strong end of the year for large bulkers could take a hit. Owners of capesize and panamax bulkers could be in for a disappointing end to the year with little upside to current spot rates, according to new analysis by MSI. Read more at TradeWinds.
Iron Ore Market is Flashing Warning Signs
In its August HORIZON Dry Bulk month report, Maritime Strategies International states that against potential optimism from lower interest rates to come, price action in the iron ore market has been flashing warning signs. Read more at MarineLink.