Capital expenditure in oil and gas and offshore wind projects will rise significantly in the next five years… Read more in Riviera
Author: MSI
Clean energy targets likely to drive further growth in turbine installation vessel market
Like other analysts, MSI expects a very strong shift from small offshore wind turbines to larger units in the coming decade, with turbines expected to reach a capacity of 20 MW or more. Read more in Riviera
Yang Ming profits in rare containership play: a sublet to a liner rival
Danish giant fights off competition to snare neo-panamax containership in ‘one-off’ deal. Read more in TradeWinds
Parties settle dispute over failed Greek supramax sale
Chinese player receives compensation to drop claims on 14-year-old bulker, which has soared in value. Read more in TradeWinds
China’s slowing property sector may hit bulker demand
Maritime Strategies International explores the impact on dry bulk demand from China’s slowing property sector, with all construction-related commodities likely to see a decline in imports. Read more in Lloyds List
New figures suggest shipping rates may have passed their peak – but supply chain crisis to continue
Shipping rates from China to the US have “finally slumped” with spot rates halved on some routes due to power cuts and Covid-19 outbreaks in China, according to an industry report. Read more in The Institute of Export Trade News
Container Spot Rates Stay High in China’s Golden Week, But Some Bargains to Be Had
China’s Golden Week holiday this month saw container spot rates from Asia to the US ease back, while short-term rates to Europe ticked up a few percentage points. Read more in G Captain
SHIPPING: Global tankers Q4 freight, earnings to rise as demand strengthens
Global tanker rates are likely to recover in the fourth quarter of 2021… Read more in S&P Global
How supply chain chaos and sky-high costs could last until 2023
Supply chain woes and port congestion are now getting attention at the central-bank level, given their effects on inflation. Federal Reserve Chairman Jerome Powell recently lamented, “It is frustrating to see the bottlenecks and supply chain problems not getting better. In fact … [they are] apparently getting worse.” Read more in Freight Waves
Abnormal supply and changing demand: is this an ‘end to the trend’ for tankers?
For both tanker supply and demand, deviation from the trends of the last two decades is likely to be pronounced, writes MSI director – Tanker Markets and Energy Tim Smith. Read more in Riviera