MSI has added a new tool, Environmental Credentials, to its FMV output, enabling users to understand the performance of their vessels and fleets – and those of their competitors. The new service provides estimated ratings against the International Maritime Organization’s EEXI and CII regulations to 2026 and Annual Efficiency Ratios for 2020 and 2021 measured against the Poseidon Principles trajectory and a ‘zero emissions’ scenario by 2050. Read more here Hellenic Shipping News
Oil Tanker
Vessel efficiency will be key to employability
Speaking to an audience of shipping finance specialists, Dr Adam Kent, MSI’s Managing Director, noted the boom in the container ship sector has been mainly supported by inefficiencies such as port congestion. It has been a driving force in the container ship and to some extent, the dry bulk sectors, with trade and tonne-miles only telling part of the story. Read more on Riviera
Capes among the most exposed ship types with incoming EEXI legislation
Capesize owners are likely to be among the hardest hit when new Energy Efficiency Existing Index (EEXI) rules kick in on January 1 next year based on MSI’s new environmental benchmarking tool. Read more on Splash247.com
Podcast: In Focus – Shipping markets and shipbuilding impact
MSI Director, James Frew, talks to The Maritime Podcast and puts the spotlight on the outlook for the shipping markets and shipbuilding, including the developing orderbook, alternative fuels and new ship types. Listen to the podcast here Seatrade Maritime
Tanker market weighs winners and losers
Crude trade volumes are revised down but the distances ships must carry it will increase, leading to a more positive view for carriers, writes Tim Smith, MSI. Read more here splash247.com
Tanker trade growth seen rising 6% in 2022
GROWTH in product and crude tanker trades will rise by an average 6% in 2022, supported by vessels sailing longer distances in response to Russia’s invasion of Ukraine, according to MSI. Crude import growth will come from North America, Europe, and north Asia regions. Read more in LloydsList
Global freight seen steady but surplus supply weighs
Global tanker freight is seen steady over the next few months as oil buyers replenish inventories, exporters release reserves, refinery margins remain high and a major war alters trade flows, S&P Global Commodity Insights reports, using MSI forecast data.
Tankers tipped as 2022’s best buy
Full shipyards and a belief that the sector has finally hit rock bottom are reasons analysts suggest secondhand tanker prices will jump this year. Read more in Splash
Russia-Ukraine crisis could create ‘double-edged’ situation for tankers
Higher prices would have a negative impact but could also create a short-term rate surge, MSI’s Tim Smith said. Read more in TradeWinds