Europe’s ban on Russian coal is seeing cargo travel much longer distances, nearly doubling shipping demand and boosting vessel sizes, writes Plamen Natzkoff from MSI. Read more at Splash247.com
Author: MSI
Offshore wind farm logistics risk becoming a quayside carpark
HLP believes project developers will struggle to meet demand based on current logistics practices and equipment provision based on MSI forecasts for the total number of offshore wind projects to be installed, per year, for both fixed and floating foundation windfarm. Read more at Energyvoice
China likely to dominate 2023 oil demand growth
Tanker markets have performed well over the first two months of the year, with sharp increases in spot earnings in both the crude and products sectors, according to MSI. Read more at Seatrade
Samudera Shipping slumps despite posting strong FY2022 results
MSI analyst Daniel Richards commented that smaller shipping lines are likely to come under earnings pressure sooner than bigger lines with more diverse routes and cargo. Lines with more contract versus spot cargo will also see more earnings longevity. Read more at The Straits Times
Shortages expected in offshore construction support vessels
Increasing worldwide levels of offshore oil, gas and renewables developments will hike charter rates and remove market slack. According to MSI upstream investment in floating production systems (FPS) and well tie-backs will drive demand for subsea construction and maintenance support vessels this decade. Read more at Riviera
Scale of Chinese purchases of Australian coal seen as token gesture
Australian thermal coal purchases by China will be muted, as local utilities have signed long-term supply contracts with domestic miners, combined with the more attractively-priced alternatives including Russian coal, said MSI’s dry bulk analyst Plamen Natzkoff. Read more at Lloydslist
‘Colossal’ tidal wave of new container ships about to strike
MSI estimates that deliveries will total 717,900 twenty-foot equivalent units in Q2 2023, up 62% sequentially from the current quarter, with deliveries rising to 764,800 TEUs in Q3 2023. Read more at FreightWaves
Macroeconomic Challenges for Shipping in 2023
An overview of how the shipping markets will develop over the course of the year as detailed by MSI’s sector analysts. Read more at SeaTrade
Demo volumes bounce back
“We expect to see the tide turn on scrapping volumes this year with 2023 already starting off at a steady pace,” predicted Dr Adam Kent, MSI’s managing director. This is primarily driven by containership and dry bulk removals. Read more at SplashExtra
2023 market overview of shipping container industry
MSI analyst Daniel Richards unpacks three important elements to look for this year within the industry. Read more at container-xchange