Speaking from London at the sister seminar, MSI managing director Dr Adam Kent cautioned against predictions that the recovery from the pandemic will mirror that from the global financial crisis in 2007-2008. Read more here
Author: MSI
Container trades eye boost from intra-Asia economic deal
An intra-Asian trade pact, likely to be ratified next year, will cut or eliminate tariffs, harmonize rules of origin regulations, and deepen regional supply chains. Read more in JOC
IMO needs to fill glaring holes in CO2 rules for shipping, analysts say
Drewry, MSI and London energy institute all highly critical of new global regulation that leave details blank. Read more in TradeWinds
Golden Ocean shelves plans for ultramax sales as bulker prices flounder
Maritime Strategies International (MSI) shows that the current market value of a five-year-old supramax is 11% below what it was at this point in 2019… Read more in TradeWinds
Euroseas sale drive continues, feeding MSC buying spree
The reported sale price for the EM Athens is about $500,000 above its estimated scrap value, according to VesselsValue. Forecasting platform MSI Horizon predicts the vessel’s market value will rise to an average $5.7m in the fourth quarter from $5m in the third. Read more in TradeWinds
Stove Shipping sells oldest supramax as fleet cull continues
The price is higher than expectations. VesselsValue estimates the Tsuneishi Cebu-built Stove Caledonia is worth just $10m, while Maritime Strategies International puts its value at $10.4m. Read more in TradeWinds
Foresight: Forecasting the Shipbuilding markets in the New Normal
The COVID-19 pandemic has compounded existing uncertainties to create a perfect storm for the shipbuilding markets, as well as having widely differing impacts on different sectors of shipping. Take a look inside the latest foresight!
S&P Deal Book: Celsius Shipping offloads duo; Minerva sells another aframax
Read more in TradeWinds
South Korea cuts further shipbuilding capacity as order slump continues
Is vessel construction becoming a sunset industry in South Korea? Read more in TradeWinds
China’s shipbuilding industry bounces back from coronavirus — and comes out on top
Data from Maritime Strategies International (MSI) shows China received around 11m gt of newbuilding orders in the first nine months of this year… Read more in TradeWinds