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
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
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
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
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
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
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
London-based consultancy views lower congestion as bearish for the dry bulk market in the future. This is combined with a concern about the steep fall in China’s steel output. Read more in LloydsList.
There is cautious optimism that bulker markets will see another positive year in 2022, but analysts think it could be a bumpy ride with analysis by MSI pouring cold water on the notion that low fleet supply will keep freight markets well supported in 2022. Read more in TradeWinds.
Container markets are ending the year with congestion and Covid-19 still in focus, but it is too soon to judge if a fundamental shift is taking place – read more in TradeWinds.