Stuart Nicoll, a director at MSI, a London-based consultancy, insisted that wind power had clear benefits given steady growth in taxes on shipping emissions. Since the start of the year, ships entering EU ports have had to pay for the emissions on their journey under the bloc’s emissions-trading scheme. Read more at FT.com.
Tag: Oil Tanker
Global tanker freight rates seen elevated in Q2 on refinery margins; maintenances to cap gains
There is room for further upside in earnings even if current levels of disruption are maintained says MSI. Read more at S&P Global.
How world shipping has transformed in the two years since Russia’s full-scale invasion of Ukraine
Saturday marks two years since the full-scale invasion of Ukraine, a war that has dramatically changed the global seaborne map, some argue irrevocably.
“Even if there were to be an overnight resolution to the conflict in Ukraine, we would not anticipate trade routes and volumes reverting to pre-invasion levels. Many importers are now seeking friendly jurisdictions with which to conclude business to reduce geopolitical risk and ongoing supply chain uncertainty,” stated MSI’s Adam Kent. Read more at Splash247.com
Spare $30m to spend? Here’s MSI’s best ship buy tips for 2024
Planets are aligned on the tanker side with a supply squeeze set to drive up asset prices. Read more at TradeWinds.
OPINION | What the global trade in hydrogen-derived clean ammonia and methanol will look like in the coming years
Demand for clean shipping fuels will supercharge these sectors, writes MSI Director Stuart Nicoll. Read more in Hydrogeninsight
The competition for a place in the shipyards is getting tougher
The slots in China and South Korea for 2026 are “counted on the fingers of the hand”, while those with scheduled delivery in 2027 are now drying up at high speed.
“The situation regarding the availability of slots is always complicated until the orders are confirmed. “Orderbook data shows significant yard space for 2027 (about 75% of global production), but brokers report that some ship types are close to being sold out,” Stuart Nicoll, Director of MSI points out. Read more at Naftemporiki.
Oil tanker orders expected to increase
Oil tanker ordering remained firm in 2023, with vessels of 23.98m dwt booked. The figure increased by 3.6 times against a year ago. Maritime Strategies International (MSI) said, “Such a growth results from very large crude carriers”. Read more at Asiasis.
Clean ammonia trade boom to swell VLAC fleet to 400 ships
Demand to be transformed by increasing move from fertiliser production to bunkers.
A surge in demand for clean energy is set to boost the ranks of very large ammonia carriers (VLACs) as the ammonia trade is transformed.
MSI predicts the next 25 years are likely to see requirements for green and blue ammonia providing the impetus for owners to order close to 400 VLACs compared with a current fleet of 375 VLGCs focused on carrying LPG. Read more at TradeWinds.
Houthis fire their greatest barrage of weapons to date in the ongoing Red Sea shipping crisis
Rerouting vessels via the Cape of Good Hope clearly takes longer and consumes more fuel per unit of commodity transported than via the Suez Canal, but the costs associated with environmental regulations illustrate the perverse incentives in play, according to an investigation carried out by UK consultancy MSI. Read more at Splash247.com.
Tanker newbuilding orders pile up as shipowners bank on long-term boom
A new wave of Middle East refineries and demand for tonnage on long-haul Russian routes drove newbuilding tanker orders in 2023 to levels three times higher than the previous year, said MSI. Read more at TradeWinds.