London-based consultancy views lower congestion as bearish for the dry bulk market in the future. This is combined with a concern about the steep fall in China’s steel output. Read more in LloydsList.
Author: MSI
LPG: Strong fundamentals stoke hope of a cheerful 2022
Orderbook casts shadow over rising demand in Asia with newbuildings comprising some 18% of existing fleet. The supply dynamics will create very different market cycles for the fully refrigerated versus the semi-refrigerated ships. Read more in LloydsList.
Bulkers in 2022: will low fleet supply save the day as demand falls?
There is cautious optimism that bulker markets will see another positive year in 2022, but analysts think it could be a bumpy ride with analysis by MSI pouring cold water on the notion that low fleet supply will keep freight markets well supported in 2022. Read more in TradeWinds.
Tankers still seeking the recipe for sustained recovery
The search for upside in the tanker sector continues but there is reason to believe that 2022 holds the potential for persistently better earnings, provided that a number of stars align – read more in Splash247.com
Container ship rates: the same old song or a brand new tune?
Container markets are ending the year with congestion and Covid-19 still in focus, but it is too soon to judge if a fundamental shift is taking place – read more in TradeWinds.
Eddie Steamship bags China Steel Express capesize for $23m
Eddie Steamship took advantage of a dip in capesize sentiment to add a fifth capesize to its fleet, but the buyer has not locked in an expected long-term charter. Read more in TradeWinds
Trafigura tied to string of three-year deals as trader locks in crude tanker tonnage
Trader scoops up three VLCCs and a suezmax as shipowners hope for stronger rates next year. Read more in TradeWinds
How EEXI and CII will impact the S&P market
Decarbonisation programmes set by the International Maritime Organization (IMO), shipping’s regulatory body, will be one of the most difficult tasks for the industry in the coming years. This starts with the implementation of the EEXI, and CII criteria, all of which aim to reduce carbon intensity and will impact prices of the existing fleet. The first phase begins in January 2023. Read more in Splash Extra
Weak dry bulk market is forecast for near term
While a weaker note may be expected in the near term, given sliding rates during the past few weeks, optimism abounds for a quick recovery. Read more in Lloyd’s List
Tanker scrapping picking up and expected to continue, MSI says
More tankers are forecast to be sent to the breakers in the coming months, with some segments expecting to see negative fleet growth. Read more in TradeWinds