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
Tag: Offshore
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
Next-generation wind turbines go beyond legacy lifting capabilities
Growth in size of offshore wind turbines drives need for larger lifting capacities. Using data produced by MSI, forecasting the total number of offshore wind projects to be installed per year, for both fixed and floating foundation windfarms, UK-based HLP believes project developers will struggle to meet demand, based on current logistics practices and equipment provision. Read more at Riviera
Shipyards dust off facilities to meet huge fleet renewal demand
Mothballed capacity is being brought back to life as contracting is forecast to rise. “Expansion in capacity will certainly be needed in the second half of the decade, when we expect a surge in contracting volumes in response to the twin requirements of fleet renewals and decarbonisation efforts,” says MSI director Stuart Nicoll. Read more at TradeWinds
Shipyard capacity expected to expand amid push for dual-fuel orders
Demand for alternative fuel newbuildings will spur expansion of shipbuilding capacity, including bringing some of the collapsed yards back to life. But the boom seen in the 2000s, which later led to severe overcapacity problems, is unlikely to be repeated. The bounceback will mainly be led by demand for fresh tonnage using alternative marine fuels, especially those in the dry bulker and tanker sectors, said MSI managing director Adam Kent during a Sea Asia shipbuilding outlook seminar. Read more at Lloydslist
The challenges for shipping in the midst of a banking crisis
The shipping industry has faced new challenges over the past 12 months due to higher funding costs following the rise in interest rates.
MSI’s Managing Director, Dr Adam Kent, contributes his thoughts on the topic in an article published by Naftemporiki
Offshore wind farm logistics risk becoming a quayside carpark
HLP believes project developers will struggle to meet demand based on current logistics practices and equipment provision based on MSI forecasts for the total number of offshore wind projects to be installed, per year, for both fixed and floating foundation windfarm. Read more at Energyvoice