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.
According to a quarterly analysis by the British company MSI, in August of this year the indicative shipbuilding prices were around 30% to 50% higher, compared to the levels at the end of 2020. Read more at Neatora
After three torrid years of low profitability, a combination of falling costs and rising prices put yards on a stronger footing, writes Stuart Nicoll from MSI. Read more at Splash247.com
The trajectory of newbuild prices which have soared up by as much as 50% in less than three years is dividing experts with owners facing tricky decisions on when to kickstart fleet renewal programmes ahead of stricter 2030 green targets for shipping agreed at the International Maritime Organization this July.
MSI believes that newbuild prices might finally cool down over the next couple of years, a point of view not widely shared with shipbroking houses. Read more at Splash247.com
MSI said chemical tanker orders shot up between March and June this year, with 40 newbuildings amounting to more than 600,000 dwt being booked. Read more at TradeWinds
Negative impact of swing tonnage on timecharter rates has not deterred owners seeking newbuilding slots, says MSI’s Senior Chemical Tanker Analyst, Bonita Nightingale. Read more at Allaboutshipping.co.uk
Tim Smith of MSI considers how changes in global energy consumption out to 2050 might impact global shipping demand. He also addresses the oft-mooted issue of ‘stranded assets’ in the context of the energy transition. Could ships become obsolete – from a technological and regulatory standpoint – before their assumed 25-year lifespan? Listen at ship.energy
The shipping industry has placed a massive bet on liquefied natural gas as an alternative fuel — as a bridge between traditional fuel oil and whatever comes next, whether it’s methanol, ammonia, hydrogen or something else. Shipowners have spent billions of dollars fitting ships to burn LNG.
MSI Managing Director, Adam Kent, contributes his thoughts to this article published in Freightwaves
MSI senior chemical market analyst Bonita Nightingale discusses the factors impacting the chemical tanker market. Read more at June/July 2023 edition of Tanker Shipping & Trade
A carbon tax is essential to helping the shipping market price next generation vessel earnings and asset values, says MSI. Read more at TradeWinds