“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
Tag: LPG
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.
Repair yards and offshore wind make for sound investments
The industry is set for one of the most dynamic periods it has ever witnessed during the remainder of the decade as it grapples with decarbonisation, the energy transition, geopolitical ramifications and the further maturing of the Chinese economy. Read more in TradeWinds
UN warns of muted maritime trade growth through to 2027
UNCTAD’s latest seaborne review has some forecasts to shock shipowners. Adam Kent, MSI’s Managing Director, comments on UNCTAD’s latest numbers placing them in context. Read more at Splash247.com
Shipyards look to plug the gap as two-horse newbuilding race runs its course
Shipyards banking on a decarbonisation-driven order boom must contend with present day realities, writes MSI Director Stuart Nicoll. Read more in Splash247.com
Newbuild Prices Peak
Newbuild prices have peaked with MSI predicting they will drop by up to 10% in the coming 12 months. Read more at Splash247
Uncharted Waters or Familiar Territory – Which way next?
Watch Adam Kent’s presentation from the 21st Annual Marine Money Week Asia event in Singapore via YouTube, covering changing trade routes, supply side developments and how earnings and prices will develop.
Prepare for higher shipping costs but the EU ETS should be a manageable change
Carbon taxes will increase, favouring energy efficient ships and requiring closer co-operation between owners and charterers, says Will Fray, Director, Maritime Strategies International. Read more in Safety4sea.com
How global fleet dynamics will change with EEXI and CII
MSI believes that in most cases, owners will opt for either EPL or shaft power limitation (ShaPoLi). “It is understood to be a cost-effective, quick, and unobtrusive process that should not impede a vessel’s usual maintenance schedule and therefore will not absorb tonnage for the installation process over the coming months.” Read more MSI views on this topic at Splash247
Yards toy with adding capacity
Amid a record ordering boom – and with an eye on fleet renewal ahead of IMO 2050 – shipbuilders are looking at expansion for the first time in a decade.
MSI Director Stuart Nicoll states that “physical capacity tends not to disappear as yards are either mothballed or put to work on other forms of heavy industry, effective capacity is a lot easier and quicker to bring back online when markets improve, though one limiting factor can be the availability of a trained workforce“. Read more views at Splash247