Reduced port congestion due to global taming of Covid-19 may lead to a weaker market for dry bulk shipping, according to a market watcher.
The pandemic caused supply chain disruption worldwide for the better part of two years that resulted in bulkers sitting at anchor while waiting days and weeks for available berths. Read more at TradeWinds
The dry bulk market could be set for a downbeat 2023 with the pain potentially extended into 2024, according to the latest quarterly dry bulk market report from MSI. Read more at AllAboutShipping
Spot rates have been on a downward slope across all bulker segments mainly due to lower demand and an unwinding of fleet inefficiencies, with weakness expected into the first quarter of next year.
THE dry bulk market is firmly on a downward slope, with weakness expected to continue into the new year. “Headwinds will strengthen in the months ahead,” says MSI. Read more at LloydsList
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 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 TW+
Maritime Strategies International has added an Annual Efficiency Ratio (AER) calculation of vessel CO2 emissions to over 21,000 ships in its HORIZON asset valuation platform. Read more
The ability to separate exuberance from inefficiency is key to understanding how long higher earnings are likely to be maintained. Read more, written by MSI’s Managing Director, Adam Kent, in TradeWinds
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
Shipping Cycles and Covid-19. MSI director David Jordan appeared as guest speaker on the Baltic and ICS lecture series. Click here to listen to the webinar
Seatrade hosted a Webinar featuring our South East Asia Regional Director, David Jordan, discussing the COVID-19 pandemic. If you would like to have a listen, click here