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
Tag: Chemical
Trajectory of soaring newbuild prices divides opinion
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
EGPN raises tanker tally at Wuhu Shipyard with newbuilding duo
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
Chemtanker owners seek fleet renewal as earnings ease from recent highs
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
Podcast: Global Energy Outlook
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
Thousands of ships could use LNG as fuel. Is that a good thing?
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
Modest fleet growth a benefit for the chemical tanker market
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
Green shipping: When will dual-fuel vessels command asset and charter premiums?
A carbon tax is essential to helping the shipping market price next generation vessel earnings and asset values, says MSI. Read more at TradeWinds
Dual-fuel ships will command charter and asset price premiums
LNG bunker price expected to start trading at a substantial discount to low-sulphur fuel from 2024, helping create a premium for charter ships burning the fuel. For dual-fuel methanol ships, the picture is less clear even with shipping included into the EU ETS, as the price for green methanol would be significantly higher, according to MSI. Read more at Lloydslist
Shipyards dust off facilities to meet huge fleet renewal demand
Mothballed capacity is being brought back to life as contracting is forecast to rise. “Expansion in capacity will certainly be needed in the second half of the decade, when we expect a surge in contracting volumes in response to the twin requirements of fleet renewals and decarbonisation efforts,” says MSI director Stuart Nicoll. Read more at TradeWinds