Capesize sailing speeds fall to record lows and grain shipments to China halve as the dry bulk market continues to weaken.
MSI’s recent dry bulk report noted that its model showed that demand growth in 2024 was supported by inefficiencies in the market particularly the drought restrictions in the Panama Canal earlier in the year and rerouting from the Suez Canal to the Cape of Good Hope. Read more at SeatradeMaritime.
Spot rates for LNG carriers are now at all-time lows, although some analysts believe the shipping sector is close to bottoming out. Speaking last week at Marine Money’s London gathering, Dr Adam Kent, who heads up British consultancy MSI, argued that LNG of all shipping segments is the one best poised for an uptick. Read more at Splash247.com.
Shipping is facing overcapacity not seen since 2007, according to Adam Kent, managing director of MSI. Read more at TradeWinds
Capacity additions during the Biden administration were the highest for a single-term president.
Although the new Trump administration is likely to reduce regulation around drilling and oil production, US oil output nonetheless already hit record levels in 2024. October saw the figure reach 20.7m b/d—a new high for the monthly average. Read more at Petroleum Economist.
Following a rollercoaster ride of a year for shipping last year where are shipping markets headed in 2025? Get the view of the MSI experts in our 2025 markets outlook podcast episode. Listen to the podcast at Seatrade Maritime.
MSI says that softer market is on the cards given that new ships entering the global fleet will outweigh incremental trade volumes. Read more at Shippingwatch.
According to the latest analysis report released by British consulting firm MSI, the average earnings of bulk carriers are expected to fall by 19% next year. This forecast reflects the supply and demand imbalance caused by the number of new ships in the global fleet exceeding the increase in trade, and the pressure faced by the market cannot be ignored. Read more at MNavigation.
Market analyses highlight the scale of this transformation. Clarkson Research estimates global containerised cargo volumes at 208.54 million TEU for 2024, reflecting a 3.7% increase from the previous year. MSI offers an even more optimistic forecast, predicting a 4.5% growth over the same period. Read more at Trasporto Europa.
MSI expects tanker orders to slow through 2028 after the ordering spree of 2023-2024. Read more at Seatrade Maritime.
