“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
Shipbuilding
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
Short term sunshine, longer term rain?
The shipping market is emerging into an upward trend cycle but is ever more impacted by external factors, argues Adam Kent Read more
As scrubber uptake becomes clearer, compliant fuel provision needs to step up
Bunker demand in 2020 will be determined by scrubber usage, fuel availability and the degree of global compliance, writes MSI’s Director of Oil and Tanker Markets, Tim Smith Read more
MSI sponsors Marine Money NYC, participates in battle royale
MSI is proud to be once again sponsoring the Marine Money event in New York on 14th November.
As part of MSI’s participation our Director of Consultancy, James Frew, will be debating shipping investment strategies and offering an insight into the most promising assets for those looking to place capital.
You can catch James on stage at 15:35 in a “battle royale” with Mark Williams, chaired by Scott Bergeron of the Liberian Registry.
MSI invited to present at inaugural meeting of Korea Ocean Business Corporation
MSI was delighted to have been invited to attend the inaugural meeting of the Korea Ocean Business Corporation (KOBC), in Busan last week.
KOBC was established earlier this year with the stated aim of “…enhancing the competitiveness of Korea’s maritime transport industry”. This invite-only event, was attended by roughly 300 delegates, drawn from some of the biggest names in ship finance, shipbuilding and ownership.
Managing Director, Dr. Adam Kent, delivered a presentation covering trends and offering a forecast for second-hand and newbuild markets.
KOBC’s website may be view here
MSI supports Global Maritime Forum initiative
MSI is proud to be a signatory of the Global Maritime Forum’s call for action in support of decarbonisation in shipping, alongside some of the industry’s most prominent names. More information