Tanker markets have performed well over the first two months of the year, with sharp increases in spot earnings in both the crude and products sectors, according to MSI. Read more at Seatrade
Tag: Oil Tanker
Macroeconomic Challenges for Shipping in 2023
An overview of how the shipping markets will develop over the course of the year as detailed by MSI’s sector analysts. Read more at SeaTrade
Demo volumes bounce back
“We expect to see the tide turn on scrapping volumes this year with 2023 already starting off at a steady pace,” predicted Dr Adam Kent, MSI’s managing director. This is primarily driven by containership and dry bulk removals. Read more at SplashExtra
Eco shock: green fuels will not beat fossil fuels on price until 2040, MSI warns
“Unfortunately, it is not until around the end of the next decade that it becomes more economically viable to run green fuels than conventional fuels, or conventional fuels with a scrubber.” said MSI’s Managing Director Adam Kent. Read more at Tradewinds.
A two-tiered freight market may stabilise global tanker rates until 2023
MSI Director, Tim Smith, said in a recent report that due to longer voyages, demand for ships, including ton miles, grew faster this year at 8% compared with oil itself around 2%. Read more at SPGlobal
Podcast: Shipping markets outlook 2023
Where will shipping markets be headed in the coming year? This the question we seek to answer in the first episode of the Seatrade Maritime Podcast for 2023.
In this episode listeners will hear from a panel of analysts from MSI discussing the macro-economic outlook for shipping, the container sector, dry bulk, tankers, and shipbuilding in 2023. Listen to the podcast at Seatrade Maritime.
Commodities 2023: Two-tier freight market may keep global tanker rates firm
Global tankers freight across clean and dirty products segments will likely be firm in 2023 but unlike the spectacular gains made in 2022, rates would face challenges due to possible crude production cuts and costlier oil prices, analysts said including MSI Director Tim Smith. Read more at S&P Global
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
Which sector will perform best in 2023?
As 2022 comes to a close, industry stakeholders are looking ahead to what comes next. This year, high inflation rates and Russia’s invasion of Ukraine had a significant impact on the shipping industry, which will most likely continue into 2023. MSI’s Adam Kent contributes his thoughts to this article which can be read at splash247.com
UN warns of muted maritime trade growth through to 2027
UNCTAD’s latest seaborne review has some forecasts to shock shipowners. Adam Kent, MSI’s Managing Director, comments on UNCTAD’s latest numbers placing them in context. Read more at Splash247.com