As decarbonisation efforts, global regulation, along with the Poseidon Principles gather momentum after what has been a volatile year, even by the shipping industry’s standards, MSI thought it pertinent to publish some analysis looking at what we might achieve in the near-term.
Container Box
Carriers set to benefit well into next year
Depleted inventories and ecommerce demand will continue to support containerised freight demand. Box shipping is benefiting from high demand and constrained supply. But even if consumer spending patterns revert to type, the sector can expect the new normal of higher rates to remain in place. “We expect healthy trade volumes to persist over the rest of the year. Overall, we’re expecting containerised trade to grow by around 7% this year and that growth story will continue in to 2022.” says MSI Read more in Lloyd’s List
Exporters Take Unusual Steps to Ease Container Shortage
“Exporters and their industry groups are noisier and more active lobbyists on these types of issues,” said Daniel Richards, a senior analyst at Maritime Strategies International Ltd., a shipping consultancy. “When you add to that the importance of the export sector to most Asian economies you can see why these governments have at least made efforts to be seen to be proactive. Read more in Bloomberg
World boxship fleet update: A long road to rebalancing
Containership capacity is likely to grow by less than 2% this year. But with volumes falling more than 7% already, the gap between supply and demand will get wider. Read More in Lloyd’s List
US west coast box port figures show weak rebound
Cancelled sailings are projected to significantly recede as the traditional holiday peak shipping season ramps up during the third quarter. Read more in Lloyd’s List
What Gets Measured Gets Managed: The Poseidon Principles and their Impact on the Shipping Industry
Read the article written by MSI Director James Frew here
Coronavirus demand slump cuts a swathe through boxship charter rates
Ocean container volumes are about to fall off a cliff
The new market outlook of U.K.-based consultancy Maritime Strategies International (MSI) reads like a Stephen King novel geared toward container-line executives. It’s not exactly feel-good reading for cargo shippers either. Cheap freight rates are only attractive if they don’t trigger another Hanjin Shipping-style bankruptcy. Read more
IMO 2020 – lower sulphur means higher freight rates
‘From our discussions with Maritime Strategies International (MSI) and other active participants in the freight market, we now expect a higher uptake of scrubbers. We estimate that 20-25% of the larger Capesize vessels will have scrubbers fitted by end 2020. For the mid-size Panamax vessels, the uptake is lower at 5%.’ Read more
DP World chomps its way toward end-to-end logistics after swallowing up Feedertech
Take a look at Daniel Richard’s comments on the latest with DP world’s acquisition of Feedertech. Read more