Product tankers are in the spotlight as recovering demand meets constrained supply and crude trades recalibrate to new geopolitical realities. A combination of geopolitics and COVID policy is colliding with rising demand for oil products to sustain the extreme volatility seen in tanker markets in Q2 22, writes MSI Director Tim Smith. Read more in Splash247.com
As volumes from Ukraine fall dramatically, Russia looks to capitalise from its invasion by shipping more grains, namely wheat, maintaining its dominance as the world’s largest exporter. “Grain is still flowing from Russia despite what is happening as the world needs food,” said MSI’s Dry Bulk Analyst Will Fray. Read more at Lloydslist
MSI has added a new tool, Environmental Credentials, to its FMV output, enabling users to understand the performance of their vessels and fleets – and those of their competitors. The new service provides estimated ratings against the International Maritime Organization’s EEXI and CII regulations to 2026 and Annual Efficiency Ratios for 2020 and 2021 measured against the Poseidon Principles trajectory and a ‘zero emissions’ scenario by 2050. Read more here Hellenic Shipping News
Speaking to an audience of shipping finance specialists, Dr Adam Kent, MSI’s Managing Director, noted the boom in the container ship sector has been mainly supported by inefficiencies such as port congestion. It has been a driving force in the container ship and to some extent, the dry bulk sectors, with trade and tonne-miles only telling part of the story. Read more on Riviera
Capesize owners are likely to be among the hardest hit when new Energy Efficiency Existing Index (EEXI) rules kick in on January 1 next year based on MSI’s new environmental benchmarking tool. Read more on Splash247.com
MSI Director, James Frew, talks to The Maritime Podcast and puts the spotlight on the outlook for the shipping markets and shipbuilding, including the developing orderbook, alternative fuels and new ship types. Listen to the podcast here Seatrade Maritime
Crude trade volumes are revised down but the distances ships must carry it will increase, leading to a more positive view for carriers, writes Tim Smith, MSI. Read more here splash247.com
LNG-fuelled bulker newbuildings may be falling out of favour as owners look to new zero-carbon alternatives.
This is the view of London and Singapore-based research and forecasting company MSI. Read more here TradeWinds.
GROWTH in product and crude tanker trades will rise by an average 6% in 2022, supported by vessels sailing longer distances in response to Russia’s invasion of Ukraine, according to MSI. Crude import growth will come from North America, Europe, and north Asia regions. Read more in LloydsList
Europe’s need to import more coal from sources further afield would be positive for the larger Panamax and Capesize shipping segments on long-haul coal trade routes says MSI. Read more on Reuters