Don’t expect a quick rate recovery in tanker markets this year, analysts say

Crude tanker owners are still facing difficult market conditions in the months ahead due to slow growth in seaborne trade, senior analysts told an industry forum.

The gloomy outlook comes as spot tanker earnings remain below break-even levels for many shipowners in various segments, despite forecast increases in Opec+ supply and oil demand later this year. Read more in TradeWinds

Don’t expect a quick rate recovery in tanker markets this year, analysts say

Exporters Take Unusual Steps to Ease Container Shortage

“Exporters and their industry groups are noisier and more active lobbyists on these types of issues,” said Daniel Richards, a senior analyst at Maritime Strategies International Ltd., a shipping consultancy. “When you add to that the importance of the export sector to most Asian economies you can see why these governments have at least made efforts to be seen to be proactive. Read more in Bloomberg

Exporters Take Unusual Steps to Ease Container Shortage

World boxship fleet update: New orders emerge at end of extraordinary year

“A flurry of large containership order at the end of 2020 has increased the industry orderbook back to just over 10% of the fleet, although almost all were orders we already had anticipated would take place in either 2020 or 2021,” said analysts at Maritime Strategies International. Read more in Lloyd’s List

World boxship fleet update: New orders emerge at end of extraordinary year

Cruise passenger numbers seen to stage strong 2021 leap but remain way behind 2019

The number of people taking a cruise worldwide this year is likely to stage a strong rebound from 2020, but even this would leave the 2021 levels more than 50% below the figure reached before the Covid-19 pandemic in 2019, a leading research and forecasting consultancy Maritime Strategies International (MSI) said in a report. Read more in Cruise Business

Cruise passenger numbers seen to stage strong 2021 leap but remain way behind 2019