After three torrid years of low profitability, a combination of falling costs and rising prices put yards on a stronger footing, writes Stuart Nicoll from MSI. Read more at Splash247.com
A lot of what’s happening economically on the ground in India mirrors China’s explosive growth at the start of the 21st century, but can the newly crowned world’s most populous nation deliver the fortunes for shipping? Read MSI’s Managing Director, Dr Adam Kent’s, thoughts on this topic at Splash247.com
The VLCC market could be on the turn after a September “disaster”, amid increased activity in the Middle East and US Gulf, according to analysts.
“September’s spot market has been something of a disaster for VLCC owners,” said MSI in its monthly tanker report. Read more at TradeWinds
The trajectory of newbuild prices which have soared up by as much as 50% in less than three years is dividing experts with owners facing tricky decisions on when to kickstart fleet renewal programmes ahead of stricter 2030 green targets for shipping agreed at the International Maritime Organization this July.
MSI believes that newbuild prices might finally cool down over the next couple of years, a point of view not widely shared with shipbroking houses. Read more at Splash247.com
Tim Smith of MSI considers how changes in global energy consumption out to 2050 might impact global shipping demand. He also addresses the oft-mooted issue of ‘stranded assets’ in the context of the energy transition. Could ships become obsolete – from a technological and regulatory standpoint – before their assumed 25-year lifespan? Listen at ship.energy
The shipping industry has placed a massive bet on liquefied natural gas as an alternative fuel — as a bridge between traditional fuel oil and whatever comes next, whether it’s methanol, ammonia, hydrogen or something else. Shipowners have spent billions of dollars fitting ships to burn LNG.
MSI Managing Director, Adam Kent, contributes his thoughts to this article published in Freightwaves
The Seatrade Maritime Podcast is joined by analysts from Maritime Strategies International to take a look at the outlook for containers, tankers, dry bulk, and shipbuilding in the second half the year. Listen to the podcast at Seatrade Maritime
Holding back a newbuilding tidal wave is key to sustaining market health against as cloudy outlook, writes Tim Smith, director at MSI. Tanker markets have moved markedly lower in Q2 2023, a moderation in earnings conditions that was in line with MSI’s expectations and a consistent feature of our outlook. Read more at Splash247.com
London-based MSI, forecast the daily average spot Very Large Crude Carrier earnings at $53,800 in the July-September quarter, considering voyages to China from the US and the Persian Gulf, over 50% higher from the first quarter of 2023. Read more at S&P Global.
“After 15 years of bearishness, I’m getting bullish,” Tor Olav Trøim said recently, adding: “I look at supply and the orderbook for tankers and bulkers are at 30- to 40-year lows. There’s something interesting happening.”
The low state of the tanker orderbook was covered extensively at the recent New York Marine Money conference, including via a presentation given by Dr Adam Kent, managing director of MSI. Read more here Splash247.com