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
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
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.
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
In a recent report published by MSI they said the improving rig market was incentivising the reactivation of cold-stacked tonnage, but that operators remained “disciplined in their approach”. “Rig owners differ materially in their approach and attitudes towards their stacked fleets,” said MSI’s Offshore and Energy Analyst Pradip Adhikari. Read more at TradeWinds
Market preference for younger tonnage puts a newbuilding cycle on the horizon, writes MSI. Read more at Riviera
Strategies of market leaders with cold-stacked tonnage could signal the recovery of the deepwater drilling sector. The floating rig market has long since crossed an inflection point incentivising the reactivation of cold-stacked tonnage, yet operators remain disciplined in their approach, according to new research by MSI. Read more at Splash247.com
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
LNG bunker price expected to start trading at a substantial discount to low-sulphur fuel from 2024, helping create a premium for charter ships burning the fuel. For dual-fuel methanol ships, the picture is less clear even with shipping included into the EU ETS, as the price for green methanol would be significantly higher, according to MSI. Read more at Lloydslist
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