Ahead of his presentation at the International Bulk Shipping Conference, MSI’s head of dry bulk freight and commodities research, Dr Plamen Natzkoff, looks at challenges in the Capesize freight market. Read more at Riviera
Chinese builders have won almost half of the dual-fuel newbuilding orders over the past 18 months, MSI’s data shows. China’s relatively abundant human capital and investments compared with its foreign rivals are said to be partly why it has gained a pole position in this market. Read more at Lloyds List.
In its October Horizon monthly review of the container shipping market, analyst MSI says it expects Asia to North Europe volumes to start growing year on year from Q4. However, risks are “still weighted to the downside”, considering that another 2.6m teu of newbuild capacity is due to be delivered by the end of Q2 24. Read more at The loadstar
According to a quarterly analysis by the British company MSI, in August of this year the indicative shipbuilding prices were around 30% to 50% higher, compared to the levels at the end of 2020. Read more at Neatora
The arrival of the AT Honor into the Metro Maritim Intitama fleet gives the company four tankers of around 10,000-dwt with an average age of 16 years.
Although the ship will likely operate in the Indonesian cabotage trade, MSI forecasts that if it continues to trade internationally, its earnings during 2024 will average $8,650 per day, a figure that one broker described as still good. Read more at TradeWinds
While there appears to be little short-term hope of a rebound in freight rates on the Asia-North Europe trade, there are emerging signs that a demand recovery over the medium term could be under way, according to the latest analysis from MSI. Read more at The Loadstar.
After three torrid years of low profitability, a combination of falling costs and rising prices put yards on a stronger footing, writes Stuart Nicoll from MSI. Read more at Splash247.com
A lot of what’s happening economically on the ground in India mirrors China’s explosive growth at the start of the 21st century, but can the newly crowned world’s most populous nation deliver the fortunes for shipping? Read MSI’s Managing Director, Dr Adam Kent’s, thoughts on this topic at Splash247.com
The VLCC market could be on the turn after a September “disaster”, amid increased activity in the Middle East and US Gulf, according to analysts.
“September’s spot market has been something of a disaster for VLCC owners,” said MSI in its monthly tanker report. Read more at TradeWinds
Unwinding congestion and more vessel orders will dampen positive deadweight demand in the dry bulk market, according to MSI. Read more at Lloydslist