For anyone who might have thought the arrival of the new year would bring relief from the crushing port congestion and global deceleration of container flows, disappointment arrived promptly and will likely linger for months to come. Read more here in JOC
MSI cautious on 2021 recovery forecast for cruise shipping: Concerns over vaccine availability, the resumption of US operations and further mutation of the virus cloud the chances of quick return to normality.
“Perhaps the most spectacular and at first glance counterintuitive, given the headline macroeconomic backdrop, has been the levels to which the containership charter market has been able to reach in Q4 2020,” Kent said. Read more in Splash!
Tonnage providers opt for time-charters in anticipation of increasing asset values as freight rates projected to recover from the virus crisis. Read more in TradeWinds
Today, the Maersk Semarang has a fair market value of around $26.3m, according to forecasting platform MSI Horizon, which suggests that Zodiac will making a handsome profit on the sale…’ Read more in TradeWinds
Shippers are squealing, ports are creaking and box-building is booming, but owners of small and large ships are sitting pretty, says Daniel Richards, Maritime Strategies International. Read more in Splash!
The shipowning and finance side of the container industry on the one hand, and the liner and logistics side on the other, operate generally in isolation…. MSI Senior Container analyst Dan Richards writes in The Loadstar
Global trade of commodities such as iron ore, coal and grains stands to grow by 7%, offsetting a 2% decline in 2020, according to UK-based Maritime Strategies International (MSI). Read more in TradeWinds
The COVID-19 pandemic has compounded existing uncertainties to create a perfect storm for the shipbuilding markets. Read more about MSI’s new Low Case Scenario, allowing users to navigate how the future could look.
‘A key takeaway is the potential benefit for reefer trades: there will likely be boosts to trade for certain agricultural products, which is a key source of growth within intra-Asia container trades,’ said Maritime Strategies International analyst Daniel Richards. Read more here