Watch Adam Kent’s presentation from the 21st Annual Marine Money Week Asia event in Singapore via YouTube, covering changing trade routes, supply side developments and how earnings and prices will develop.
Seatrade Maritime News Editor Marcus Hand caught up with Adam at the Marine Money Asia conference for a quick fire look at the tanker, container, and dry bulk shipping markets, and where they are headed. Listen to the podcast here Seatrade-maritime.com
The impact of environmental regulations on an older fleet could tighten available tonnage in southern Europe, according to Daniel Richards from MSI. Dedicated newbuild contracting by regional Mediterranean owners will have to increase in the coming years to replace ageing vessels removed from the fleet as progressively tighter environmental regulations come into force. Read more at Splash247.com
The containership charter market bubble appears to have burst, according to MSI.
“Container markets have finally ceased to walk on air, as both freight and time-charter markets have seen steep declines over the past month.” Read more at The Loadstar
Carbon taxes will increase, favouring energy efficient ships and requiring closer co-operation between owners and charterers, says Will Fray, Director, Maritime Strategies International. Read more in Safety4sea.com
China’s Asian neighbours are soaking up surplus crude volumes and creating new routes in the process, writes Tim Smith, Director, Maritime Strategies International. Read more in Splash247.com
Russia’s crude production is likely to face “significant challenges” in 2023 as the EU ban comes into effect, MSI director Tim Smith tells TradeWinds
There are warning signs for the charter market and shipowners, writes MSI in it’s latest short-term outlook forecasts, both for earnings and second-hand values. Read more at The Loadstar
Geopolitics has sent demand on divergent paths, but capacity can be secured if you search a little harder, writes Andrew Buckland, Senior Gas Shipping Analyst, at MSI. Read more at Energy Northern
Nearly six in 10 of all crude tanker voyages will be long or ultra-long-haul by 2026 in a boost for the earning prospects of VLCCs, according to new research.
The reshaping of global trade flows caused by Russia’s invasion of Ukraine is a key factor in the increasing voyage distances, said maritime research and forecasting consultancy Maritime Strategies International (MSI). Read more in Tradewinds