Ahead of attending tomorrow’s inaugural Geneva Dry, Plamen Natzkoff, associate director covering dry bulk for MSI, sets the scene in the markets.
Looking back on the strong performance of the dry bulk freight markets through Q1, expectations for the rest of the year – when trade volumes can be expected to pick up further – will be for further positive momentum. Read more at Splash247.com
Read this article by MSI Director Stuart Nicoll at Baltic Transport Journal
Shipyards containership order intakes are expected to decline this year, but show an turn again until 2027 as demands for eco-friendly ships soar. Read more about MSI’s views on this subject at Asiasis
Will Fray, Director with analysts MSI sees the merged company having more leverage in the freight market. “As with most mergers, it will take some time for the two companies to fully integrate and benefit from economies of scale and operational efficiencies. However, a larger company will almost immediately have more negotiating power when it comes to freight costs.” Read more at Seatrade Maritime
“From a pure asset play perspective and based on our outlook, now or the imminent future presents an excellent opportunity for owners to sell tonnage and maximise returns,” MSI Managing Director Dr Adam Kent told Splash Extra, pointing out that from an asset price cycle perspective, values are considerably higher than the long-term averages. Read more at Splash247.com
The disruption has arisen as critical ports have struggled to cope with the resulting sharp increases in “trans-shipment” traffic. Daniel Richards, a director at London-based maritime consultancy MSI, said delays at the ports could force some companies to hold extra stock. Read more at FT.com.
Stuart Nicoll, a director at MSI, a London-based consultancy, insisted that wind power had clear benefits given steady growth in taxes on shipping emissions. Since the start of the year, ships entering EU ports have had to pay for the emissions on their journey under the bloc’s emissions-trading scheme. Read more at FT.com.
There is room for further upside in earnings even if current levels of disruption are maintained says MSI. Read more at S&P Global.
Strong container growth is anticipated as consumer spending on goods remains robust.
Container demand to the US provides reasons for liner operators to be cheerful about 2024 prospects, said MSI. Read more at TradeWinds.
During the first quarter, capesize rates have been 250% above the five-year average, while panamax rates are only 10% above.
Average supramax and handysize rates have been slightly below the five-year rolling average during this time, according to a report by MSI. Read more at TradeWinds.
