“The stronger the earnings, the greater the premium buyers are willing to pay for secondhand tonnage compared to newbuilding prices,” explains Dr Adam Kent, the head of MSI. “Similarly,” he adds, “the higher the earnings the older the vessels owners are prepared to buy, that still attract a premium over the equivalent contract price.” Read more at Splash247.com
Month: November 2024
Is growth in Chinese yards leading to a glut in global shipbuilding capacity?
Stuart Nicoll, director at MSI, said that the growth of China’s shipbuilding capacity is expected to be balanced by capacity reductions in Japan and other regions. “The issue will be where to cut. Japan is likely to be the primary focus, but the biggest concerns must be within South Korea. Builders there seem to be under pressure as never before.” Read more at TradeWinds.
Maritime Market Views Podcast
MSI’s Adam Kent joins Jakub Walenkiewicz on the DNV – Maritime Market Views Podcast to discuss rates and prices, black swans, red flags and the impact of tonne-miles on shipping. Listen to the Podcast at DNV Maritime
Is dry bulk shipping set for a Capesize rebound?
The dry bulk market has suffered an unseasonal slump during October with Capesize rates down by 50%, but it could now be time for a reversal in fortunes.
MSI believed there was room for recovery before the end of year for dry bulk as a whole with positive market fundamentals for bauxite and grains, and still-strong Chinese coal imports. Read more at Seatrade Maritime.
How China has taken a generational grip on the global shipbuilding industry
A surge in newbuild orders and a global shortage of berths have created new opportunities for private yards to expand. Stuart Nicoll, director of MSI, believes capacity is set to grow by 5m cgt between 2023 and 2028, an increase of 31%. “Things are moving very quickly.” Read more at TradeWinds.