The containership charter market is set to get a boost from the Red Sea crisis, as ocean carriers look to plug holes in their networks early next year. Moreover, due to the impact of Suez Canal diversions on their capacity requirements, the carriers are likely to reinstate suspended services and cancel blanking programmes said MSI. Read more at The Loadstar
Tankers divert from Red Sea bolstering oil price
Mid-size tankers are the most exposed to disruption in the Red Sea with suezmax tankers accounting for a majority transits in both directions, according to MSI. Read more at TradeWinds
Newbuilding market expected to slow down in 2024
The shipbuilding industry, which has enjoyed a boom in orders over the past few years, is expected to see relatively poor performance in the new year of 2024, and the main types of ships ordered are expected to consist of tankers and bulkers. Read more at Asiasis
China dominates shipbuilding amid slowdown as focus shifts to tankers and bulkers
Consultancy and research company Maritime Strategies International concluded that in 2022 and 2023, newbuilding contracting massively exceeded underlying replacement and incremental demand growth requirements.
“After the container-boosted wonder year of 2021, we anticipated contracting would ease back in 2022 and 2023. It now looks like around 137m gross tonnes was ordered over the two years, with huge investment in container ships, LNG carriers and car carriers,” said MSI director Stuart Nicoll. Read more at TradeWinds
The outlook for dry bulk shipping
MSI’s head of dry bulk freight and commodities research Dr Plamen Natzkoff gave an overview of the dry bulk freight market at the inaugural International Bulk Shipping Conference in London in November 2023.
Dr Natzkoff highlighted the largely positive sentiments in the dry bulk shipping sector in early 2023, which was fuelled by the reopening of businesses in China and the promising outlook for India’s private markets. However, despite these positive expectations, the market faced significant challenges. Read more at Riviera
Box ship owners may benefit from Red Sea and Suez diversions
The containership charter market is set to get a boost from the Red Sea crisis, as ocean carriers look to plug holes in their networks early next year.
Moreover, due to the impact of Suez Canal diversions on their capacity requirements, the carriers are likely to reinstate suspended services and cancel blanking programmes, said MSI in its latest containership HORIZON monthly report. Read more at The loadstar
Dry bulk owners pop the bubbly but will the bubble burst in 2024?
The market has surprised to the upside with technical factors to the fore, but fleet supply and a gloomy macro outlook are on the horizon, writes Plamen Natzkoff, head of dry bulk freight and commodities research at MSI. Read more at Splash247.com
Is the surge in Capesize rates sustainable?
Ahead of his presentation at the International Bulk Shipping Conference, MSI’s head of dry bulk freight and commodities research, Dr Plamen Natzkoff, looks at challenges in the Capesize freight market. Read more at Riviera
China dominates surge for dual-fuel tonnage
Chinese builders have won almost half of the dual-fuel newbuilding orders over the past 18 months, MSI’s data shows. China’s relatively abundant human capital and investments compared with its foreign rivals are said to be partly why it has gained a pole position in this market. Read more at Lloyds List.
Growth may be just around the corner – if carriers can hold their nerve
In its October Horizon monthly review of the container shipping market, analyst MSI says it expects Asia to North Europe volumes to start growing year on year from Q4. However, risks are “still weighted to the downside”, considering that another 2.6m teu of newbuild capacity is due to be delivered by the end of Q2 24. Read more at The loadstar