“We expect to see the tide turn on scrapping volumes this year with 2023 already starting off at a steady pace,” predicted Dr Adam Kent, MSI’s managing director. This is primarily driven by containership and dry bulk removals. Read more at SplashExtra
Tag: Chemical
Eco shock: green fuels will not beat fossil fuels on price until 2040, MSI warns
“Unfortunately, it is not until around the end of the next decade that it becomes more economically viable to run green fuels than conventional fuels, or conventional fuels with a scrubber.” said MSI’s Managing Director Adam Kent. Read more at Tradewinds.
A two-tiered freight market may stabilise global tanker rates until 2023
MSI Director, Tim Smith, said in a recent report that due to longer voyages, demand for ships, including ton miles, grew faster this year at 8% compared with oil itself around 2%. Read more at SPGlobal
Commodities 2023: Two-tier freight market may keep global tanker rates firm
Global tankers freight across clean and dirty products segments will likely be firm in 2023 but unlike the spectacular gains made in 2022, rates would face challenges due to possible crude production cuts and costlier oil prices, analysts said including MSI Director Tim Smith. Read more at S&P Global
Repair yards and offshore wind make for sound investments
The industry is set for one of the most dynamic periods it has ever witnessed during the remainder of the decade as it grapples with decarbonisation, the energy transition, geopolitical ramifications and the further maturing of the Chinese economy. Read more in TradeWinds
UN warns of muted maritime trade growth through to 2027
UNCTAD’s latest seaborne review has some forecasts to shock shipowners. Adam Kent, MSI’s Managing Director, comments on UNCTAD’s latest numbers placing them in context. Read more at Splash247.com
Shipyards look to plug the gap as two-horse newbuilding race runs its course
Shipyards banking on a decarbonisation-driven order boom must contend with present day realities, writes MSI Director Stuart Nicoll. Read more in Splash247.com
Newbuild Prices Peak
Newbuild prices have peaked with MSI predicting they will drop by up to 10% in the coming 12 months. Read more at Splash247
Uncharted Waters or Familiar Territory – Which way next?
Watch Adam Kent’s presentation from the 21st Annual Marine Money Week Asia event in Singapore via YouTube, covering changing trade routes, supply side developments and how earnings and prices will develop.
Prepare for higher shipping costs but the EU ETS should be a manageable change
Carbon taxes will increase, favouring energy efficient ships and requiring closer co-operation between owners and charterers, says Will Fray, Director, Maritime Strategies International. Read more in Safety4sea.com