There has been hope in the market that rules such as EEXI will help support bulker demand relative to vessel supply as the trading fleet reduces its speed.
But analysis by Maritime Strategies International (MSI) suggests that any supportive effects will be offset by the unwinding of port congestion, which will release ships back into the market. Read more at TradeWinds
The risk of downside freight and rental rates in the container ship market has increased, and the balance of supply and demand has undergone qualitative changes, says MSI Asia Director JJ Wang. Read more at Xinde Marine
Newbuildings are needed to mitigate the impact of environmental legislation on older boxship fleet. Tougher environmental legislation and an ageing fleet could soon result in a feeder container ship shortage in the Mediterranean. A quarterly review by analyst Maritime Strategies International (MSI) highlights a scenario that it argues will need to be resolved through a dedicated newbuilding programme by regional operators. Read more at TradeWinds
Oil supply constraints and likely price rises over winter suggest VLCC earnings gains could slow down over the next six months, according to Tim Smith, MSI’s London-based director. Read more at S&P Global
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