Orderbook casts shadow over rising demand in Asia with newbuildings comprising some 18% of existing fleet. The supply dynamics will create very different market cycles for the fully refrigerated versus the semi-refrigerated ships. Read more in LloydsList.
Decarbonisation programmes set by the International Maritime Organization (IMO), shipping’s regulatory body, will be one of the most difficult tasks for the industry in the coming years. This starts with the implementation of the EEXI, and CII criteria, all of which aim to reduce carbon intensity and will impact prices of the existing fleet. The first phase begins in January 2023. Read more in Splash Extra
Complying with IMO’s short-term greenhouse gas (GHG) reduction strategy will not be easy, but non-mandatory measures will prove more challenging, write MSI’s David Jordan and Will Fray. Read more in Riviera
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.
‘ “The Poseidon Principles AER trajectories are a market measure not a regulation but their alignment with IMO goals makes them an important measure of success in shipping’s decarbonisation efforts,” says Dr Adam Kent, Managing Director, MSI. ‘ Read more in Hellenic Shipping News
Shipping research company Maritime Strategies International (MSI) said there is a “pressing” need to adjust the ship energy efficiency calculations used by major banks under the Poseidon Principles. Read more in TradeWinds
UK consultants Maritime Strategies International (MSI) has added annual efficiency ratio (AER) calculations used in the Poseidon Principles to its Horizon platform … Read more here
Maritime Strategies International has added an Annual Efficiency Ratio (AER) calculation of vessel CO2 emissions to over 21,000 ships in its HORIZON asset valuation platform. Read more
‘Orders for around 16 new very large gas carriers were placed in the first four months of 2021 compared with 13 for the whole of last year. The latest VLGC orderbook consists of 56 vessels as of end-April this year.’ Read more in Lloyd’s List
The ability to separate exuberance from inefficiency is key to understanding how long higher earnings are likely to be maintained. Read more, written by MSI’s Managing Director, Adam Kent, in TradeWinds