The COVID-19 pandemic has compounded existing uncertainties to create a perfect storm for the shipbuilding markets. Read more about MSI’s new Low Case Scenario, allowing users to navigate how the future could look.
Shipbuilding
South Korea cuts further shipbuilding capacity as order slump continues
Is vessel construction becoming a sunset industry in South Korea? Read more in TradeWinds
China’s shipbuilding industry bounces back from coronavirus — and comes out on top
Data from Maritime Strategies International (MSI) shows China received around 11m gt of newbuilding orders in the first nine months of this year… Read more in TradeWinds
MSI and Baltic Webinar
Shipping Cycles and Covid-19. MSI director David Jordan appeared as guest speaker on the Baltic and ICS lecture series. Click here to listen to the webinar
Shipbuilders face five year slump from pandemic says MSI
The coronavirus pandemic will lead global shipbuilding will slump by 10% over the next five years, compared with the last half decade, shipping analyst Maritime Strategies International (MSI) predicts. Read more in TradeWinds here
Finnish shipbuilding cluster risks putting its many eggs in one basket
“MSI assumes that newbuilding contracting drops off further over the next four years before picking up again in 2024. This assumption stems partly from the fact that the sector is already heavily committed on the newbuilding front, and it will take some time for the industry to adjust and absorb the many ships scheduled to hit the water over the next four years”… Read more here
Japan’s commercial shipyards scale back construction capacity
Major shipyards face further decline in the face of competition from China and South Korea. Read more in TradeWinds
Future Tendencies in the Global Shipbuilding market
Dr. Adam Kent presents at the OECD on the shipbuilding market, looking at vessel demand, supply side changes, emissions and the evolution of shipbuilding. Read his presentation here
Carbon Carriers
The consequences for shipping markets of a major shift in energy consumption away from hydrocarbons and towards renewables and biofuels is the subject of a report prepared by MSI on behalf of the European Climate Foundation. MSI’s shipping market modelling systems were used to analyse how global fossil fuel demand reductions could alter inter-regional commodity trade flows and the associated shift in required shipping capacity, industry earnings and asset prices, across all segments of the shipping industry. The full report can be downloaded here and a shorter Executive Summary here.
ABS Sets the Industry Course to Low Carbon Shipping
MSI are delighted to have worked together with ABS on its industry-shaping Low Carbon Shipping Outlook – a very important initiative! Read more