In general, the markets have bounced back exceptionally well, with perhaps the exception of crude and chemical tankers outlines MSI’s MD Dr Adam Kent at MM NYC. Read more at gcaptain
Tag: Chemical
May favours product tankers as politics and policy cloud market picture
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
MSI adds environmental benchmarking tool to HORIZON vessel data platform
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
Vessel efficiency will be key to employability
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
Capes among the most exposed ship types with incoming EEXI legislation
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
Podcast: In Focus – Shipping markets and shipbuilding impact
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
Tanker trade growth seen rising 6% in 2022
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
Chemical tankers looking good despite Chinese policies cutting imports
Research company MSI has a positive view of the sector as production outside China ramps up. Read more in TradeWinds
How EEXI and CII will impact the S&P market
Decarbonisation programmes set by the International Maritime Organization (IMO), shipping’s regulatory body, will be one of the most difficult tasks for the industry in the coming years. This starts with the implementation of the EEXI, and CII criteria, all of which aim to reduce carbon intensity and will impact prices of the existing fleet. The first phase begins in January 2023. Read more in Splash Extra
Getting the balance right on shipping’s GHG emissions reductions
Complying with IMO’s short-term greenhouse gas (GHG) reduction strategy will not be easy, but non-mandatory measures will prove more challenging, write MSI’s David Jordan and Will Fray. Read more in Riviera