Stuart Nicoll, a director at MSI, a London-based consultancy, insisted that wind power had clear benefits given steady growth in taxes on shipping emissions. Since the start of the year, ships entering EU ports have had to pay for the emissions on their journey under the bloc’s emissions-trading scheme. Read more at FT.com.
Tag: Offshore
Spare $30m to spend? Here’s MSI’s best ship buy tips for 2024
Planets are aligned on the tanker side with a supply squeeze set to drive up asset prices. Read more at TradeWinds.
The competition for a place in the shipyards is getting tougher
The slots in China and South Korea for 2026 are “counted on the fingers of the hand”, while those with scheduled delivery in 2027 are now drying up at high speed.
“The situation regarding the availability of slots is always complicated until the orders are confirmed. “Orderbook data shows significant yard space for 2027 (about 75% of global production), but brokers report that some ship types are close to being sold out,” Stuart Nicoll, Director of MSI points out. Read more at Naftemporiki.
China dominates shipbuilding amid slowdown as focus shifts to tankers and bulkers
Consultancy and research company Maritime Strategies International concluded that in 2022 and 2023, newbuilding contracting massively exceeded underlying replacement and incremental demand growth requirements.
“After the container-boosted wonder year of 2021, we anticipated contracting would ease back in 2022 and 2023. It now looks like around 137m gross tonnes was ordered over the two years, with huge investment in container ships, LNG carriers and car carriers,” said MSI director Stuart Nicoll. Read more at TradeWinds
“Sold out” in Chinese shipyards until 2027
According to a quarterly analysis by the British company MSI, in August of this year the indicative shipbuilding prices were around 30% to 50% higher, compared to the levels at the end of 2020. Read more at Neatora
Will a reversal of fortunes position shipyards for the era of decarbonisation?
After three torrid years of low profitability, a combination of falling costs and rising prices put yards on a stronger footing, writes Stuart Nicoll from MSI. Read more at Splash247.com
Trajectory of soaring newbuild prices divides opinion
The trajectory of newbuild prices which have soared up by as much as 50% in less than three years is dividing experts with owners facing tricky decisions on when to kickstart fleet renewal programmes ahead of stricter 2030 green targets for shipping agreed at the International Maritime Organization this July.
MSI believes that newbuild prices might finally cool down over the next couple of years, a point of view not widely shared with shipbroking houses. Read more at Splash247.com
Valaris reactivates another floater
Today’s announcement from Valaris is in line with the recent insights into floater reactivation prospects made by London-based MSI. Read more at Marinelog.
Podcast: Global Energy Outlook
Tim Smith of MSI considers how changes in global energy consumption out to 2050 might impact global shipping demand. He also addresses the oft-mooted issue of ‘stranded assets’ in the context of the energy transition. Could ships become obsolete – from a technological and regulatory standpoint – before their assumed 25-year lifespan? Listen at ship.energy
Tidewater rides a wave in the offshore vessel market
There is a bullish outlook for the offshore vessel sector both among US owners in the sector and from analysts.
Analysis presented at Marine Money New York Conference by Dr Adam Kent, from MSI, which produces a matrix with prospects for all the maritime segments viewed the OSV sector as one of the most attractive to invest in. Read more at Seatrade Maritime