The COVID-19 pandemic has compounded existing uncertainties to create a perfect storm for the shipbuilding markets, as well as having widely differing impacts on different sectors of shipping. Take a look inside the latest foresight!
Dry Bulk
China’s shipbuilding industry bounces back from coronavirus — and comes out on top
Data from Maritime Strategies International (MSI) shows China received around 11m gt of newbuilding orders in the first nine months of this year… Read more in TradeWinds
Bevy of bulkers change hands as prices threaten to cool
Maritime Strategies International (MSI) managing director Adam Kent told TradeWinds that as bulker earnings cool off at the end of this year, followed by the seasonal iron-ore slowdown early next year, prices are predicted to be reined in. Read more in TradeWinds here
What the battle for the White House means for global shipping
With the US election just six days away, we asked Dr Adam Kent, managing director of Maritime Strategies International, for his take on the ramifications of the result for international shipping. Read more in Splash247
Capesize rates fall amid higher vessel supply
Capesize rates dropped by nearly a third this week as owners untied their ships from the piers and let them vie for business. Read more in TradeWinds
MSI’s Will Fray writes in Dry Bulk Magazine
The report explains how the European market should see a rapid bounce back from the effects of lockdown, but longer-term supply and demand prospects are more challenging. Read more here
Dry bulk at risk from crew change crisis
A recovery in demand will support small year-on-year gains in the fleet utilisation rate in 2021, according to shipping consultant Maritime Strategies International. Incremental demand of 29m dwt will outmatch supply growth of 26.1m dwt, driving a small uptick in the total fleet employment. Read more in Lloyd’s List here
MSI support Global Ship Lease with their ESG report
MSI is delighted to have provide input and support to Global Ship Lease (GSL) with the recent publication of their inaugural Environmental Social and Governances (ESG) report. The report can be downloaded in full here: Global Ship Lease ESG report 2020
Marine Money Virtual Ship Finance week- 2020
Listen to MSI’s Regional Director for Asia, David Jordan, Discuss ‘Shipping in the New Normal: Understanding Market Drivers at a Time of Heightened Uncertainty’ here
Is dry bulk over the worst?
Consensus points to a stronger second half of the year compared with the first six months of 2020, but full-year earnings are likely to be lower than in 2019 across all segments. Read more in Lloyd’s List