Dr. Adam Kent presents at the OECD on the shipbuilding market, looking at vessel demand, supply side changes, emissions and the evolution of shipbuilding. Read his presentation here
LNG
LNG carrier spot rates treble
Stuart Nicoll, MSI director, says in TradeWinds ‘The rise of US production this year and weak demand in Asia has driven volumes to Europe and kept gas prices low this year’ Read more
LNG Shipping heats up but market is subject to short term effects
Latest report from MSI notes that spot rates for DFDE tonnage were reported as high as $130,000/day in October. Read more
Now is not the time to leave slow steaming out of the IMOs toolkit
Take a look in TradeWinds- our outlook for the proposed 20% reduction in speed- Read more
Take a look at our latest Foresight piece on LNG bunkering: A Niche Market
Fired up about gas: LNG demand in southeast Asia to double
By 2025, southeast Asia’s LNG demand is expected to reach 25 mta, underpinned by rising energy demand and falling domestic gas production. See MSI’s Associate Director Greg Brown share his opinion… Read more
Shipping Markets in the 2020s
Take a look at MSI’s Singapore director giving an overview and outlook for the shipping market into 2020, in the Global Maritime Hub. Read more
Decarbonization of shipping in 2050: More needs to be done, and quicker, says report
Unless action is taken quickly, the shipping industry will not meet the IMO 2050 decarbonisation target, say experts from classification society DNV GL in the recently launched “Maritime Forecast to 2050.” Adam Kent states in the EFT, “There isnt one solution that will solve the IMO 2050 puzzle, it will be a combination of a number of solutions and a number of ways of looking at the market.” Read more
Carbon Carriers
The consequences for shipping markets of a major shift in energy consumption away from hydrocarbons and towards renewables and biofuels is the subject of a report prepared by MSI on behalf of the European Climate Foundation. MSI’s shipping market modelling systems were used to analyse how global fossil fuel demand reductions could alter inter-regional commodity trade flows and the associated shift in required shipping capacity, industry earnings and asset prices, across all segments of the shipping industry. The full report can be downloaded here and a shorter Executive Summary here.
Shipping beyond the cycle: why an earnings upturn does not equal business as usual
A trio of factors is upsetting the status quo but could shipping’s greatest challenge also turn out to be its best opportunity, asks James Frew from Maritime Strategies International. Read more