Listen to the recording here
Oil Tanker
String of VLCC sales emerge as buyers aim to take advantage of price slump
Read more in TradeWinds here
MSI support Global Ship Lease with their ESG report
MSI is delighted to have provide input and support to Global Ship Lease (GSL) with the recent publication of their inaugural Environmental Social and Governances (ESG) report. The report can be downloaded in full here: Global Ship Lease ESG report 2020
Marine Money Virtual Ship Finance week- 2020
Listen to MSI’s Regional Director for Asia, David Jordan, Discuss ‘Shipping in the New Normal: Understanding Market Drivers at a Time of Heightened Uncertainty’ here
Uncertainty Weighs on Tanker Markets
So far MSI’s expectations of a substantial and abrupt decline in tanker markets have played out. In its latest HORIZON Monthly report MSI forecasts Q3 average Aframax one Yr T/C earnings to be $19.9,00/day, illustrating how close the market has moved toward those dramatic predictions. Read more in the Maritime Professional here
Tanker market downward trend to continue: MSI
The downward trend of the tanker market is expected to continue for the remainder of 2020 according to analysts Maritime Strategies International (MSI). Read more in Seatrade
The myth of the summer lull
Do the shipping markers actually slow down about now? Splash Extra investigates
Second Covid-19 wave ‘will harm asset prices and extend newbuilding slump’, says MSI
With renewed Covid-19 outbreaks in China, the US and some other countries, the London-based consultancy has been modelling the performances of shipping markets in what it describes as a “low-case scenario”. Read more in TradeWinds here
Floating storage play is unwinding but effects are far from over
A recovery in oil demand and production cuts will see stocks drawn down, putting pressure on tanker earnings in the second half writes Tim Smith from Maritime Strategies International. Read more here
What Gets Measured Gets Managed: The Poseidon Principles and their Impact on the Shipping Industry
Read the article written by MSI Director James Frew here