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
Tag: OSV Platform Supply
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
Shortages expected in offshore construction support vessels
Increasing worldwide levels of offshore oil, gas and renewables developments will hike charter rates and remove market slack. According to MSI upstream investment in floating production systems (FPS) and well tie-backs will drive demand for subsea construction and maintenance support vessels this decade. Read more at Riviera
Subsea market opportunities and technology developments revealed
Upstream investment in floating production systems (FPS) and well tie-backs will drive demand for subsea construction and maintenance support vessels this decade.
MSI offshore energy market analyst, Joshua Belo-Osagie said “FPS projects in Latin America and West Africa, and maintenance work in the North Sea and Asia are driving market demand.” Read more at Riviera
Offshore in 2023: Reasons for optimism
MSI’s Offshore Energy Analyst, Joshua Belo-Osagie, is expecting 2023 to represent another robust period for the offshore marine supply chain, with offshore wind forecast to see a positive outlook for the foreseeable future. Read more at Splash247.com
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
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
Ukraine invasion has permanently changed the map of the oil market
China’s Asian neighbours are soaking up surplus crude volumes and creating new routes in the process, writes Tim Smith, Director, Maritime Strategies International. Read more in Splash247.com
New offshore projects coming in UK and Norway
Offshore support vessel (OSV) owners will benefit from increased investment in the North Sea oil and gas sector, with some deferred projects being brought forward. High energy prices are driving oil and gas companies to expand their expenditure on new offshore projects, some involving billions of dollars of investment for deepwater projects.
Watch MSI Director James Frew’s interview at the recent OSJ conference with Riviera.