29 January 2024MSI
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.
Car/TruckChemicalContainershipDry Bulk
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16 posts published
Planets are aligned on the tanker side with a supply squeeze set to drive up asset prices. Read more at TradeWinds.
Demand for clean shipping fuels will supercharge these sectors, writes MSI Director Stuart Nicoll. Read more in Hydrogeninsight
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% … Continue reading The competition for a place in the shipyards is getting tougher →
Brokers are reporting more “heightened activity” in the containership charter market as ocean carriers fight to secure tonnage to mitigate the impact of Red Sea diversions. According to an analysis by MSI, carriers could need to deploy up to 200 extra ships on their east-west networks in order to maintain weekly sailings. Read more at … Continue reading Charter market heats up – carriers could need up to 200 extra ships →
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.
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 … Continue reading Clean ammonia trade boom to swell VLAC fleet to 400 ships →
Liner shipping has entered 2024 in unexpected rude health thanks to the massive diversions away from the Red Sea soaking up tremendous capacity and putting spot rates at highs not experienced ever before outside of the covid era. According to analysis by UK consultants MSI, the increase in freight rates is greater than can be … Continue reading More than one boxship newbuild delivering every day this year →
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.
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.
Where are shipping markets headed in the next 12 months? Get the view of the experts in our 2024 markets outlook podcast episode. In the first episode of the Seatrade Maritime Podcast for 2024 you will hear from MSI analysts. They will be covering the macro-outlook for shipping as whole and then drilling down into … Continue reading Podcast: Shipping markets outlook for 2024 →
The disruption would need to stretch into the first quarter of 2024 to impact either the boxship charter market or a wider set of freight markets in a major way, said UK analyst MSI. Read more at Tradewinds
The containership charter market is set to get a boost from the Red Sea crisis, as ocean carriers look to plug holes in their networks early next year. Moreover, due to the impact of Suez Canal diversions on their capacity requirements, the carriers are likely to reinstate suspended services and cancel blanking programmes said MSI. … Continue reading Box ship owners may benefit from Red Sea and Suez diversions →
Mid-size tankers are the most exposed to disruption in the Red Sea with suezmax tankers accounting for a majority transits in both directions, according to MSI. Read more at TradeWinds
The shipbuilding industry, which has enjoyed a boom in orders over the past few years, is expected to see relatively poor performance in the new year of 2024, and the main types of ships ordered are expected to consist of tankers and bulkers. Read more at Asiasis
Consultancy and research company Maritime Strategies International concluded that in 2022 and 2023, newbuilding contracting massively exceeded underlying replacement and incremental demand growth requirements. “After the container-boosted wonder year of 2021, we anticipated contracting would ease back in 2022 and 2023. It now looks like around 137m gross tonnes was ordered over the two years, … Continue reading China dominates shipbuilding amid slowdown as focus shifts to tankers and bulkers →
MSI’s head of dry bulk freight and commodities research Dr Plamen Natzkoff gave an overview of the dry bulk freight market at the inaugural International Bulk Shipping Conference in London in November 2023. Dr Natzkoff highlighted the largely positive sentiments in the dry bulk shipping sector in early 2023, which was fuelled by the reopening of businesses … Continue reading The outlook for dry bulk shipping →