MSI bearish on dry bulk shipping outlook
Weak cargo volumes, improved fleet efficiency and China’s demand uncertainties contribute to a downbeat forecast. Read more at Lloydslist
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Weak cargo volumes, improved fleet efficiency and China’s demand uncertainties contribute to a downbeat forecast. Read more at Lloydslist
“After an extraordinary 2022, where we have seen record charter rates and record orders for new LNG ships (despite rapidly rising newbuilding prices), I’m expecting a calmer LNG shipping market in 2023,” said MSI’s senior analyst Andrew Buckland. Read more at LloydsList
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
A warning has been issued to the global shipbuilding industry that liquefied natural gas (LNG) carrier orders will be sluggish in the next decade due to the rapid increase in newbuilding deliveries, based on MSI analysis. Read more at theguru
LNG shipping is booming and shipyard capacity is extremely tight, but as new tonnage hits the water mid-decade it could outstrip liquefaction capacity growth heading to a market slump warns MSI. Read more at Seatrade-maritime.com
“We expect that containerized export volumes will remain under pressure through the end of the first quarter of 2023 at least,” said MSI’s Daniel Richards. Read more at Shippingherald.com