Contrary to market views that the Energy Efficiency Existing Ship Index rules will support bulker demand due to lower speeds, MSI says the impact of congestion easing will more than offset the slowdown in the fleet. Read more at Lloydslist
Tag: Dry Bulk
2020 was problematic for shipping!
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
Have handysize asset prices peaked?
New tool providing quarterly assessments across all financial metrics suggests peak has passed for smaller bulk carrier prices, and canny owners are already divesting, writes Will Fray from MSI Read more at splash247.com
Containership charter hire rates still hitting new heights, but are expected to soften
Daily hire benchmarks being smashed in all sizes as ocean carriers, niche shipping lines and forwarders competed for the same vessels. The only dilemma keeping shipowners awake at nights is whether to take the huge daily hire rates on offer for short to medium periods, or bank the still- elevated rates from carriers for much longer periods reports MSI. Read more in Canadiansailings
Lack of free tonnage keeps charter market insulated against freight rate falls
While a softening in consumer demand has weakened global freight rates, the containership charter markets are largely insulated, due to the absence of open tonnage and the duration of time charters.
Although there are signs of the red-hot charter market cooling, particularly in the smaller sizes, and some loss of appetite for multi-year fixtures, MSI’s suggests there is no immediate signs of major corrections. Read more in The Loadstar
Russia looks to gain from higher grain exports
As volumes from Ukraine fall dramatically, Russia looks to capitalise from its invasion by shipping more grains, namely wheat, maintaining its dominance as the world’s largest exporter. “Grain is still flowing from Russia despite what is happening as the world needs food,” said MSI’s Dry Bulk Analyst Will Fray. Read more at Lloydslist
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