Contrary to market views that the Energy Efficiency Existing Ship Index rules will support bulker demand due to lower speeds, MSI says the impact of congestion easing will more than offset the slowdown in the fleet. Read more at Lloydslist
City state’s plan for a highly automated port with double the existing capacity offers a strategy for easing global supply-chain congestion. “The Singapore port’s performance during the pandemic “hasn’t been without hiccups and delays…” comments Daniel Richards from MSI read more at Bloomberg
In general, the markets have bounced back exceptionally well, with perhaps the exception of crude and chemical tankers outlines MSI’s MD Dr Adam Kent at MM NYC. Read more at gcaptain
New tool providing quarterly assessments across all financial metrics suggests peak has passed for smaller bulk carrier prices, and canny owners are already divesting, writes Will Fray from MSI Read more at splash247.com
Large tankers need Chinese demand to rise if they are going to catch up with their peers, Read more Read more at Tradewinds.
From clandestine transfers to tankers ‘going dark’, Moscow has found a way. MSI Director contributes to this article in the Telegraph
The region could be a key growth market for the oil and gas industry going forward. Improving sentiment surrounds energy market prospects offshore West Africa, the positive mood underpinned by higher oil prices, reformed regulatory frameworks in key markets including Angola and Nigeria and the discovery of major prospects off the Ivory Coast and Namibia writes Joshua Belo-Osagie from MSI. Read more at OEdigital.com
Daily hire benchmarks being smashed in all sizes as ocean carriers, niche shipping lines and forwarders competed for the same vessels. The only dilemma keeping shipowners awake at nights is whether to take the huge daily hire rates on offer for short to medium periods, or bank the still- elevated rates from carriers for much longer periods reports MSI. Read more in Canadiansailings
MSI expects no easing of capacity bottlenecks in the PCTC sector in the short to medium term, despite the number of new car shipments falling due to supply chain bottlenecks.
MSI warned automobile groups and other cargo owners that the situation could even worsen this year and in 2023. Read more at DVZ Deutsche Verkehrs-Zeitung
While a softening in consumer demand has weakened global freight rates, the containership charter markets are largely insulated, due to the absence of open tonnage and the duration of time charters.
Although there are signs of the red-hot charter market cooling, particularly in the smaller sizes, and some loss of appetite for multi-year fixtures, MSI’s suggests there is no immediate signs of major corrections. Read more in The Loadstar