Cruise ship ordering has “rebounded with a bang in 2024”, says MSI, director, Niklas Carlen, with orders for 25 new vessels placed during the first nine months of the year. Although this includes a number of orders that are still at the LOI stage pending confirmation of financing, MSI expects these to be confirmed during 2024. Read more at Riviera.
Month: October 2024
The roaring twenties and volatility
In an excellent recent presentation given in Singapore, Dr Adam Kent, who heads up UK consultancy MSI, discussed the accumulating black swans in recent years and their links to growing volatility. Read more at Splash247.com
Charter market could be the big winner of USEC port shutdown
This assessment was reflected in a report from MSI, which notes that “the structural shortage of prompt vessels available for hire continues to be the dominant factor at play in the market”. Read more at The Loadstar.
Offshore Vessel Operators Enjoy a ‘Vintage Year’ for Deliveries
Strong confidence in the offshore vessel market has seen orders placed in the previous market upcycle re-activated to take advantage of renewed investor interest.
In its Q3 OSV sector report, MSI notes that of the 17 vessels delivered to date in 2024, 13 were ordered more than a decade ago, leaving just over 50 vessels still pending from the previous upcycle, some of which are anticipated to be taken up by operators as newbuild options in the coming years. Read more at Offshore Source.