Europe’s ban on Russian coal is seeing cargo travel much longer distances, nearly doubling shipping demand and boosting vessel sizes, writes Plamen Natzkoff from MSI. Read more at Splash247.com
Tag: Dry Bulk
Scale of Chinese purchases of Australian coal seen as token gesture
Australian thermal coal purchases by China will be muted, as local utilities have signed long-term supply contracts with domestic miners, combined with the more attractively-priced alternatives including Russian coal, said MSI’s dry bulk analyst Plamen Natzkoff. Read more at Lloydslist
Macroeconomic Challenges for Shipping in 2023
An overview of how the shipping markets will develop over the course of the year as detailed by MSI’s sector analysts. Read more at SeaTrade
Demo volumes bounce back
“We expect to see the tide turn on scrapping volumes this year with 2023 already starting off at a steady pace,” predicted Dr Adam Kent, MSI’s managing director. This is primarily driven by containership and dry bulk removals. Read more at SplashExtra
Eco shock: green fuels will not beat fossil fuels on price until 2040, MSI warns
“Unfortunately, it is not until around the end of the next decade that it becomes more economically viable to run green fuels than conventional fuels, or conventional fuels with a scrubber.” said MSI’s Managing Director Adam Kent. Read more at Tradewinds.
Most dry bulk routes see red amid rate erosion
MSI said there was potential for the capesize market to surprise on the upside “if a sharp and sustained recovery” in China’s steel industry materialises, but near-term pressures remain. Read more at Lloydslist
China holds key to shipping costs
In the four years since 2018 the dry bulk fleet has expanded by 15%, but the volume of cargo has only expanded by 2.9%, even tonne-miles have only increased by 3.5% over this period, said Will Fray, director at MSI. Read more at World-Grain.com
Podcast: Shipping markets outlook 2023
Where will shipping markets be headed in the coming year? This the question we seek to answer in the first episode of the Seatrade Maritime Podcast for 2023.
In this episode listeners will hear from a panel of analysts from MSI discussing the macro-economic outlook for shipping, the container sector, dry bulk, tankers, and shipbuilding in 2023. Listen to the podcast at Seatrade Maritime.
Fewer port delays may cause ‘downbeat 2023’ for dry bulk shipping, MSI says
Reduced port congestion due to global taming of Covid-19 may lead to a weaker market for dry bulk shipping, according to a market watcher.
The pandemic caused supply chain disruption worldwide for the better part of two years that resulted in bulkers sitting at anchor while waiting days and weeks for available berths. Read more at TradeWinds
Should dry bulk owners get ready for a cyclical downturn?
The dry bulk market could be set for a downbeat 2023 with the pain potentially extended into 2024, according to the latest quarterly dry bulk market report from MSI. Read more at AllAboutShipping