Dry Bulk

237 posts tagged

3 June 2026MSI

Geared bulker values surge on robust demand for modern vessels

Firm earnings and shipyards focussed on tankers have pushed five-year-old Ultramax values above newbuildings and equivalent-age Kamsarmaxes. The latest HORIZON Monthly Dry Bulk Report from MSI notes that since the middle of 2025, bulker asset values have been steadily on the rise, with particularly notable gains seen within the Handymax segment (45-70k Dwt). Over the … Continue reading Geared bulker values surge on robust demand for modern vessels →

Dry Bulk

1 June 2026MSI

Time for owners to evacuate crew stranded by Hormuz stalemate

With little obvious prospect of majority of vessels stuck in the Gulf managing to leave safely any time soon has the time lay-up come. The stalemate around the Strait of Hormuz is nearing the three-month mark with around 1,000 vessels and 20,000 seafarers remaining stranded in the Arabian Gulf. MSI Managing Director Adam Kent believes … Continue reading Time for owners to evacuate crew stranded by Hormuz stalemate →

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5 May 2026MSI

2020s: The Era of Extended Shipping Distances

Last year, trade conducted via sea reached a total of 68 trillion ton-miles, with the average distance covered per ton of cargo recorded at 5,262 nautical miles. This indicates a 10% increase compared to the beginning of the decade. Tim Smith, Director of Maritime Strategies International, noted in an assessment earlier in 2026, ‘Increased demand … Continue reading 2020s: The Era of Extended Shipping Distances →

Car/TruckChemicalContainershipDry Bulk

5 May 2026MSI

What keeps shipping awake at night?

MSI Managing Director, Dr Adam Kent, contributes to the Lloyd’s List Shipping Podcast live from Singapore, as part of the Lloyds List Outlook Forum. Adam highlights the constantly shifting geopolitical backdrop the industry currently faces and how this can be an impediment to investors, given the start-stop nature of many directives. Listen to the podcast … Continue reading What keeps shipping awake at night? →

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24 April 2026MSI

Shipping braces for prolonged turmoil as Hormuz crisis fuels inflation and supply strain

OPTIMISM is in short supply as geopolitical turmoil deepens and the Hormuz crisis adds fresh strain to global shipping. Experts warn the fallout will be long‑lasting, compounding the economic damage left by the pandemic. “Tonne-miles are increasing, but once we get to demand destruction, then the demand destruction will be greater than increasing tonne-mile input.” … Continue reading Shipping braces for prolonged turmoil as Hormuz crisis fuels inflation and supply strain →

Car/TruckChemicalContainershipDry Bulk

13 April 2026MSI

What war reveals about energy security

Should the energy transition be reframed as a trade resilience strategy, asks Mariam Tzannatos, decarbonisation analyst at MSI. The conflict in the Middle East has once again exposed a structural feature of the global energy system: concentration risk. Read more at Splash247.com

Dry BulkEnergyHydrogenLNG

1 April 2026MSI

MSI appoints North American director

MSI has appointed John Moulopoulos as director, North America, with responsibility for business development in the Americas. The company said Mr Moulopoulos joins from Boston-based maritime intelligence and data delivery service Marsoft Inc, and his role will include working with North American shipowners and maritime investors, while also drawing on his heritage and network to … Continue reading MSI appoints North American director →

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23 March 2026MSI

Will it be onwards and upwards for the dry bulk market in 2026?

The sector has surprised to the upside in Q1 – can the market manage downside risks to post more gains in 2026 asks Will Fray, a director at MSI. Read more at Splash247.com.

Dry Bulk

4 March 2026MSI

Structural shift in Capesize trade supports Panamax coal opportunities

With Capesize earnings expected to remain firm, the strength of the Cape market is likely to continue to support Panamax freight rates. A key driver of this continued correlation will be competition on major coal routes that still employ both Cape and Panamax tonnage. Read more at Hellenic Shipping News.

Dry Bulk

28 January 2026MSI

China’s demographic cliff: can shipping live without its golden growth engine?

The demographic sweetspot for China, the 21st century’s driving force of shipping profits, has long passed. This month, Beijing reported its steepest birth rate decline since the Communist Party took power in 1949. Splash Extra investigates what a dwindling population means for global shipping. Adam Kent, managing director at MSI, explains to Splash Extra that … Continue reading China’s demographic cliff: can shipping live without its golden growth engine? →

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19 January 2026MSI

Shipyard capacity surges but relocation will increasingly take centre stage

Strategic and economic shifts by South Korean builders are designed to counter China’s orderbook dominance, writes Stuart Nicoll, director, MSI. Read more at Xinde Marine.

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8 January 2026MSI

Shipping markets outlook for H1 2026 – Podcast

2025 was a year like no other for shipping buffeted by US tariffs, trade wars, and geopolitical conflicts but through it all markets across most major sectors performed remarkably well. Going into 2026 there seems to be no let up with the US military action in Venezuela with days of the New Year, so what does the rest of the coming 12 months have to offer the world of shipping? Find out the views of the experts from MSI Ltd by listening to the podcast at Seatrade Maritime.

Car/TruckChemicalContainershipDry Bulk

5 January 2026MSI

2025 in dry bulk: balancing fragile trade and fleet expansion

Dry bulk owners navigated uneven 2025 trade, a growing orderbook and tighter expectations for safety, vetting and data integrity. MSI highlighted the role of Guinean bauxite in that late-year strength, noting exports were up 35% year-on-year for January to August. Read more at Riviera.

Dry Bulk

18 December 2025MSI

How to spend it in 2026

According to a new report from Fitch Ratings, next year will still be challenging due to a myriad of geopolitical and policy risks. Shipping will also be hit by the lower GDP growth expected across most major economies in 2026 compared to 2025. Adam Kent, managing director at MSI, agrees with several aspects of this … Continue reading How to spend it in 2026 →

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10 December 2025MSI

MSI’s Adam Kent: The Structural Shifts Redefining Global Shipping Markets

At the Xinde Marine Forum, Dr Adam Kent, Managing Director of MSI, delivered a data-rich and forward-looking keynote that combined market analytics with deeper structural insights from MSI’s latest research. Read more at Xinde Marine News.

ChemicalContainershipDry BulkLNG

8 December 2025MSI

Year-end dry bulk rally collides with overcapacity

Two-year high bulker earnings contrast with accelerating fleet growth, muted scrapping and Chinese stockbuilding that raises doubts over how long the rally could last. MSI argued that much of this strength was driven by temporary stockbuilding and pointed out elevated inventories in China, combined with the usual Lunar New Year slowdown, were expected to weigh … Continue reading Year-end dry bulk rally collides with overcapacity →

Dry Bulk

2 December 2025MSI

Has the US ceded the race for clean fuels to China?

China-led hydrogen and ammonia regional exports will curb the development of longhaul trades and limit large carrier fleet growth, argues MSI decarbonisation analyst Mariam Tzannatos. Read more at Riviera.

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17 November 2025MSI

Is the dry bulk market overestimating Simandou’s impact?

The extra volumes will result in a significant disruption in the matrix of global iron ore supply, writes Will Fray, director, MSI, but there remain reasons to be cautious. The numbers around the Simandou iron ore project in Guinea approach the hyperbolic. Rio Tinto, as a lead investor in one half of the deposit (blocks … Continue reading Is the dry bulk market overestimating Simandou’s impact? →

Dry Bulk

20 October 2025MSI

Trump officials go all out to block carbon tax on shipping

In the near term, the impact on freight costs will be relatively minimal, said Stuart Nicoll, a director at MSI, a London-based consultancy. The fees on high-emitting fuels like oil will start in 2028 and rise, but by 2035, some of the rewards for using low-carbon fuels may start to outweigh the penalties. Read more … Continue reading Trump officials go all out to block carbon tax on shipping →

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29 September 2025MSI

Supramax drydock wave tightens supply as retrofits crowd yards

Modelling by ABS and MSI suggests that under a “full conversion” scenario, demand for yard slots could exceed capacity as early as 2028 — producing a “gt-day” shortfall that balloons by 2030. Read more at Splash247.com

Dry BulkShipbuilding

26 September 2025MSI

Guinea-China bauxite trade takes a big bite of 2025 Capesize tonnage

A combination of strong trade and high port waiting times will see the trade employ around 15% of Capesize vessels in 2025, according to MSI. Massive year on year growth in Guinean bauxite trade has also absorbed Capesize substantial tonnage in 2025, contributing to recent freight market spikes. To read more see Dry Bulk Magazine

Dry Bulk

25 September 2025MSI

Does the world have enough yard capacity for all the demand for retrofits?

So, what are the options? ABS and MSI have two possible scenarios, outlined in this year’s Outlook publication. Namely, their full conversion scenario assumes all eligible oil-fuelled vessels are converted due to escalating oil costs. It would require yard capacity expansion before 2030. Read more at Splash247.com

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3 September 2025MSI

Coming out of the dark. How machine learning can drive smarter decisions in today’s shipping markets

From trade wars and military conflicts to pandemics and natural disasters, not to mention growing environmental regulations and government interventions, disruptions to supply chains and global shipping markets have had an enormous impact on freight costs and asset values in the last decade, writes MSI Director Will Fray. Read more at Baltic Transport Journal

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29 August 2025MSI

What would $150bn investment in US shipbuilding look like?

US President Donald Trump likes to trumpet very large numbers and South Korea’s shipbuilding investment plans as part of its bilateral tariff deal is no exception. Now how much of these big numbers will ever see the light of day, especially when one considers Trump’s Presidency has less three and half years to run, is … Continue reading What would $150bn investment in US shipbuilding look like? →

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27 August 2025MSI

Enjoy the dry bulk market’s Indian summer while it lasts, says MSI

The dry bulk market continues to enjoy the fair summer weather, despite some softening of vessel benchmarks from late July peaks. Read more at Hellenic Shipping News

Dry Bulk

26 August 2025MSI

Baltimore channel reopened at site where hatch cover blew off in bulker explosion

Vessel tracking data from MSI Seascape platform shows a bulk carrier, two container ships and two car carriers at terminals that were cut off by the closure. Read more at TradeWinds.

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26 August 2025MSI

Can hydrogen make good on its clean energy potential?

Ten for ambition, five for achievement. Hydrogen’s journey to alternative fuel solution at scale continues to be a slow one, but the tempo is changing, argues Mariam Tzannatos, hydrogen sector analyst at MSI. Read more at Splash247.com

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17 July 2025MSI

Does this data point suggest bulkers are overpriced?

MSI’s valuation estimates for ships based on a prediction of their future earnings show bulker buyers are paying the biggest premium in today’s sale-and-purchase market, according to data from the MSI Seascape platform. Read more at TradeWinds.

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14 July 2025MSI

MSI Consultancy Case Study – Expansion and Diversification Opportunities

The client, a European-based technical and commercial shipmanager which had traditionally focussed on dry bulk carriers, required a market overview and outlook report to assess the feasibility of expanding services into the mid-size LPG carrier and VLGC markets. MSI created an overview of global supply and demand of LPG by region, including a detailed breakdown … Continue reading MSI Consultancy Case Study – Expansion and Diversification Opportunities →

Dry BulkLPG

14 July 2025MSI

Shipping markets outlook for H2 2025 – Podcast

Geopolitical disruption in shipping has reached new heights in the first half of 2025 and MSI examine the impact on markets and the outlook ahead. In this latest shipping markets outlook episode, we are joined by analysts from MSI to take a look at the outlook for containers, tankers, dry bulk, and shipbuilding in the second … Continue reading Shipping markets outlook for H2 2025 – Podcast →

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11 July 2025MSI

Capesize scrapping will come sooner than expected

Calculations by MSI suggest capesizes built between 2010 and 2012 could start to come under pressure, thanks to rising fuel costs. Read more at Lloydslist.

Dry Bulk

12 June 2025MSI

MSI Consultancy Case Study – Understanding long-term dry bulk freight dynamics and environmental legislation

recently completed a project for a major mining company which wanted to enhance their approach to understanding the long-term dynamics of the dry bulk freight. They were particularly interested in better understanding environmental legislation in shipping and how the decarbonisation of the industry will impact the freight markets. The project scope included: Also included were … Continue reading MSI Consultancy Case Study – Understanding long-term dry bulk freight dynamics and environmental legislation →

Dry BulkShipbuilding

9 June 2025MSI

Shipping lines go cool on Arctic Ocean route

Melting ice could make shorter transits between Asia and Europe a reality but there are economic and geopolitical risks. Daniel Richards, a director at London-based consultancy MSI, points to the risks of using the northern route. He says container shipping lines tend to be risk-averse, and their customers are similarly reluctant to have their goods … Continue reading Shipping lines go cool on Arctic Ocean route →

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9 June 2025MSI

MSI Consultancy Case Study – Theoretical Emissions Analysis

MSI is increasingly commissioned to research and analyse the impact of environmental regulation and decarbonisation on vessel operations and fleet profiles. This can be supported with access to MSI SEASCAPE. Our expertise in understanding shipping markets extends to specialist analysis of the industry in the energy transition, including impact on vessel types, cargoes and supply … Continue reading MSI Consultancy Case Study – Theoretical Emissions Analysis →

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4 June 2025MSI

What will be powering ships in the 2030s?

MSI has given an early indication of the impact that the Net Zero Framework will have on the bunker market, based on data from its new SEASCAPE platform. By extending the annual fuel consumption estimates calculated for 2024 through to 2035, and applying MSI’s forecasts for bunker prices, it is possible to project the future … Continue reading What will be powering ships in the 2030s? →

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23 May 2025MSI

How machine learning can drive smarter decisions in today’s shipping markets

By joining the dots in global trade, it is possible to understand how ships perform and how owners deploy them, writes Will Fray, Director, MSI. Read more at Xinde Marine.

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20 May 2025MSI

Shipping industry to seek USTR port fees rejig on size, ownership

Shipping industry stakeholders plan to seek a raising of ship sizes to 85,000 dwt for exemptions from the US Trade Representative’s proposed fees for China-built ships, if they are owned and operated by non-Chinese companies, several market participants said. A quarter of the VLCCs involved in US trade in 2024 were China-built, according to UK-based … Continue reading Shipping industry to seek USTR port fees rejig on size, ownership →

Dry BulkOil Tanker

15 May 2025MSI

Dry bulk gloominess remains in 2025, but brighter times could be ahead

Chinese iron ore and coal demand, which drives so much bulk activity, remains soft. MSI director Will Fray said much of 2024’s success (until the fourth quarter, anyway) was driven by the stockpiling of Chinese inventories. Read more at Lloyds List.

Dry Bulk

15 May 2025MSI

Many tipped 2025 to be the year that elderly bulk carriers finally went to the breakers.

Despite big questions remaining on the timing of this big scrapping surge seemingly always over the horizon, MSI director Will Fray is in no doubt it is coming.“If we have a disastrous market, yes, we’ll start to see scrapping increasing,” he said. Read more at Lloyds List

Dry BulkShipbuilding

12 May 2025MSI

New IMO fuel penalties could raise $1trn over a decade, MSI says

Consultancy’s new MSI SEASCAPE platform calculates that carbon levies will add 82% to bunker costs by 2035. Its new SEASCAPE market analysis, vessel performance and asset valuation platform crunched the numbers on new carbon levies proposed in April. Read more at TradeWinds.

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30 April 2025MSI

Dry bulk shipping largely unaffected by USTR fees, tariffs

In dry bulk shipping USTR fees only major impact will be on Hong Kong and Chinese owners, but reciprocal tariffs on US exports could be a concern, says MSI. Read more at Seatrade Maritime.

Dry BulkShipbuilding

28 April 2025MSI

China’s Shipbuilding Dominance and Global Trade Competition in Context

With data for activity in the global shipbuilding industry now available for 2024, MSI’s Stuart Nicoll estimates that global newbuilding contracting for all ship types was 133m GT, with a more even spread among the main sectors than in recent years. Collation of the latest data couldn’t have been better timed, given the recent release … Continue reading China’s Shipbuilding Dominance and Global Trade Competition in Context →

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31 March 2025MSI

Six factors that enabled China to dominate global shipbuilding

The dominance of China in the newbuilding the market has come under intense scrutiny with the investigations by the United States Trade Representative (USTR) – but how did the country’s shipyards achieve such a leading position? Speaking on the ‘Shipbuilding – a macro view’ panel at Sea Asia 2025 Adam Kent, Managing Director of MSI … Continue reading Six factors that enabled China to dominate global shipbuilding →

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28 March 2025MSI

US Plans To Charge Up To $3.5 Million Per Port Call For Chinese Bulk Ships

According to MSI, an independent shipping research and consultancy firm, this proposal could cause major disruptions in dry bulk trade, particularly for vessels serving the North American market. Read more at Marine Insight

Dry Bulk

28 March 2025MSI

Which shipping sectors would be worst hit by USTR port fees?

Adam Kent, Managing Director of Maritime Strategies International (MSI) said, “I think the levels will be lower, but what it will do is cause people to shift what vessels are calling at US ports, if they can…”. Read more at Seatrade Maritime

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14 March 2025MSI

Methanol ships depend on China

According to Maritime Strategies International, the average cost for e-methanol in 2024 was $2,348 per ton of low sulphur fuel oil equivalent, nearly four times the price of low sulphur fuel oil. Mariam Tzannatos, a decarbonisation analyst at the London-based consultancy, tells EEI: “Pricing is currently a significant barrier to the widespread adoption of renewable … Continue reading Methanol ships depend on China →

Car/TruckChemicalContainershipDry Bulk

10 February 2025MSI

Choose your risk: short term disruption or long-term transition

Shipping markets have profited from turbulence in this decade, but far bigger changes are coming in the years ahead, argues Tim Smith, a director at Maritime Strategies International. As we approach the mid-point of this decade, from a shipping market fundamentals perspective the most important factor of the 2020s so far has been disruption. Read … Continue reading Choose your risk: short term disruption or long-term transition →

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7 February 2025MSI

Bulk carrier newbuilding prices drop: what to expect next

Bulk carrier newbuilding prices have started to correct in recent months, following a period of significant growth. Analysts believe this indicates a softening rather than a complete collapse in prices. “Perhaps unsurprisingly, the sector where we have seen the most significant downward movement in newbuilding prices recently has been Supramaxes,” MSI managing director Dr Adam … Continue reading Bulk carrier newbuilding prices drop: what to expect next →

ContainershipDry BulkOil TankerShipbuilding

31 January 2025MSI

Dry bulk freight rates fall further on weak demand

Capesize sailing speeds fall to record lows and grain shipments to China halve as the dry bulk market continues to weaken. MSI’s recent dry bulk report noted that its model showed that demand growth in 2024 was supported by inefficiencies in the market particularly the drought restrictions in the Panama Canal earlier in the year … Continue reading Dry bulk freight rates fall further on weak demand →

Dry Bulk

24 January 2025MSI

Overcapacity fears stalk shipping as ordering at levels not seen since 2007

Shipping is facing overcapacity not seen since 2007, according to Adam Kent, managing director of MSI. Read more at TradeWinds

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3 January 2025MSI

Shipping markets outlook for 2025

Following a rollercoaster ride of a year for shipping last year where are shipping markets headed in 2025? Get the view of the MSI experts in our 2025 markets outlook podcast episode. Listen to the podcast at Seatrade Maritime.

Car/TruckChemicalContainershipDry Bulk

3 January 2025MSI

Bulker earnings expected to dip in 2025

MSI says that softer market is on the cards given that new ships entering the global fleet will outweigh incremental trade volumes. Read more at Shippingwatch.

Dry Bulk

3 January 2025MSI

Oversupply! Bulk carrier market outlook is worrying in 2025

According to the latest analysis report released by British consulting firm MSI, the average earnings of bulk carriers are expected to fall by 19% next year. This forecast reflects the supply and demand imbalance caused by the number of new ships in the global fleet exceeding the increase in trade, and the pressure faced by the … Continue reading Oversupply! Bulk carrier market outlook is worrying in 2025 →

Dry BulkShipbuilding

11 December 2024MSI

Can India reach its ambitious shipbuilding targets?

The story of India’s government, led by prime minister Narendra Modi, setting a goal to become a top 10 shipbuilder by 2030 and a top five one by 2047 has been doing the rounds for some time now, but how feasible is it and what must happen for that to become a reality. “For India … Continue reading Can India reach its ambitious shipbuilding targets? →

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2 December 2024MSI

Why the 2025 dry bulk market looks like uncharted waters

MSI concludes that Trump’s tariff plans could spur retaliation from trading partners, particularly China, which would affect US exports, putting grains and coal trade at risk from retaliatory measures. Read more at Dry Cargo International

Dry Bulk

28 November 2024MSI

Investigating the price ratio between newbuilds and five-year-old ships

“The stronger the earnings, the greater the premium buyers are willing to pay for secondhand tonnage compared to newbuilding prices,” explains Dr Adam Kent, the head of MSI. “Similarly,” he adds, “the higher the earnings the older the vessels owners are prepared to buy, that still attract a premium over the equivalent contract price.” Read … Continue reading Investigating the price ratio between newbuilds and five-year-old ships →

Car/TruckChemicalContainershipDry Bulk

7 November 2024MSI

Is growth in Chinese yards leading to a glut in global shipbuilding capacity?

Stuart Nicoll, director at MSI, said that the growth of China’s shipbuilding capacity is expected to be balanced by capacity reductions in Japan and other regions. “The issue will be where to cut. Japan is likely to be the primary focus, but the biggest concerns must be within South Korea. Builders there seem to be … Continue reading Is growth in Chinese yards leading to a glut in global shipbuilding capacity? →

Car/TruckChemicalContainershipDry Bulk

6 November 2024MSI

Maritime Market Views Podcast

MSI’s Adam Kent joins Jakub Walenkiewicz on the DNV – Maritime Market Views Podcast to discuss rates and prices, black swans, red flags and the impact of tonne-miles on shipping. Listen to the Podcast at DNV Maritime

Car/TruckChemicalContainershipDry Bulk

6 November 2024MSI

Is dry bulk shipping set for a Capesize rebound?

The dry bulk market has suffered an unseasonal slump during October with Capesize rates down by 50%, but it could now be time for a reversal in fortunes. MSI believed there was room for recovery before the end of year for dry bulk as a whole with positive market fundamentals for bauxite and grains, and … Continue reading Is dry bulk shipping set for a Capesize rebound? →

Dry Bulk

6 November 2024MSI

How China has taken a generational grip on the global shipbuilding industry

A surge in newbuild orders and a global shortage of berths have created new opportunities for private yards to expand. Stuart Nicoll, director of MSI, believes capacity is set to grow by 5m cgt between 2023 and 2028, an increase of 31%. “Things are moving very quickly.” Read more at TradeWinds.

Car/TruckChemicalContainershipDry Bulk

11 October 2024MSI

The roaring twenties and volatility

In an excellent recent presentation given in Singapore, Dr Adam Kent, who heads up UK consultancy MSI, discussed the accumulating black swans in recent years and their links to growing volatility. Read more at Splash247.com

Car/TruckChemicalContainershipDry Bulk

30 September 2024MSI

Betting on Dry Bulk: Newbuild Market Stands Strong in Q3

In its Q3 Dry Bulk report, MSI estimates dry bulk newbuilding orders in the first eight months of the year above 25m dwt, with the potential for further upside on the back of late-reported deals. Despite a slight August lull, second-hand bulker values remain firm. Read more at Worldports.org

Dry Bulk

30 September 2024MSI

Peak in sight for capesize asset values, says MSI

The final countdown is on for capesize bulker asset prices, according to new analysis. Data platform MSI thinks secondhand values are likely to peak within the next six months. Read more at TradeWinds

Dry Bulk

3 September 2024MSI

Brace yourself for an underwhelming end to the year

The usually strong end of the year for large bulkers could take a hit. Owners of capesize and panamax bulkers could be in for a disappointing end to the year with little upside to current spot rates, according to new analysis by MSI. Read more at TradeWinds.

Dry Bulk

2 September 2024MSI

Iron Ore Market is Flashing Warning Signs

In its August HORIZON Dry Bulk month report, Maritime Strategies International states that against potential optimism from lower interest rates to come, price action in the iron ore market has been flashing warning signs. Read more at MarineLink.

Dry Bulk

5 August 2024MSI

Capacity across big three shipbuilding nations leaps 20% in a year

Across China, shipyards are expanding and churning out ships on a scale not seen since 2008. The shipyard sector has entered a new golden age after more than a decade’s slump following the global financial crisis. Chinese newbuild output has “rocketed” in 2024, Stuart Nicoll, a director at MSI commented. Read more at Splash247.com.

ChemicalContainershipDry BulkHydrogen

5 August 2024MSI

Geopolitical events push shipping earnings to 15 year high

Accelerating economic growth, improved demand, and the impact of Red Sea diversions have combined to boost shipping markets across the board in the first half of 2024, says Adam Kent, Managing Director of MSI. Read more at Seatrade Maritime

ChemicalContainershipDry BulkLNG

27 June 2024MSI

Black swans and peak oil at the dawn of a golden age

Shipowners and analysts were in high spirits as they dissected the current market situation and its root causes at Marine Money in New York. Dr. Adam Kent, Managing Director of MSI kicked off the day’s proceedings by bringing the details into focus. Read more at Seatrade.

ChemicalContainershipDry BulkLNG

27 June 2024MSI

Exuberant dry bulk market sees asset prices streak ahead of earnings

Tight shipyard capacity and the fear of missing out are driving values well beyond the likelihood that outlay can be recouped in earnings, writes Plamen Natzkoff from MSI. Read more at Splash247.com.

Dry BulkShipbuilding

5 June 2024MSI

How the energy transition could create a fleet of ghost ships

MSI Director Tim Smith comments in this article “The long-run view for oil demand is not necessarily the same as the view for the international oil trade,” Read more at FT.com

Dry BulkEnergyHydrogenLNG

5 June 2024MSI

More shipyard capacity needed to meet green targets

More shipyard capacity will be required in the coming decade, both for newbuilds and retrofits, according to an influential new magazine published at Posidonia in Athens today. New shipbuilders are forecast to emerge from Vietnam, the Philippines and India as global shipyard capacity grows gradually through to 2035, according to the ABS forecast, which uses … Continue reading More shipyard capacity needed to meet green targets →

Car/TruckChemicalContainershipDry Bulk

7 May 2024MSI

Joe Biden’s China probe throws lifeline to South Korean and Japanese shipyards

Chinese yards were gaining ground, said Adam Kent, Managing Director at MSI. “There’s still a market perception that the Chinese quality is not as good as in Korea but that quality is [moving] closer.” Read more at FT.com

ChemicalContainershipDry BulkLNG

1 May 2024MSI

Due diligence needed on dry bulk’s divergent fortunes for balance of 2024

Ahead of attending tomorrow’s inaugural Geneva Dry, Plamen Natzkoff, associate director covering dry bulk for MSI, sets the scene in the markets. Looking back on the strong performance of the dry bulk freight markets through Q1, expectations for the rest of the year – when trade volumes can be expected to pick up further – … Continue reading Due diligence needed on dry bulk’s divergent fortunes for balance of 2024 →

Dry Bulk

26 April 2024MSI

What would a BHP takeover of Anglo American mean for shipping?

Will Fray, Director with analysts MSI sees the merged company having more leverage in the freight market. “As with most mergers, it will take some time for the two companies to fully integrate and benefit from economies of scale and operational efficiencies. However, a larger company will almost immediately have more negotiating power when it … Continue reading What would a BHP takeover of Anglo American mean for shipping? →

Dry Bulk

25 April 2024MSI

Owners advised to cash in

“From a pure asset play perspective and based on our outlook, now or the imminent future presents an excellent opportunity for owners to sell tonnage and maximise returns,” MSI Managing Director Dr Adam Kent told Splash Extra, pointing out that from an asset price cycle perspective, values are considerably higher than the long-term averages. Read more … Continue reading Owners advised to cash in →

ContainershipDry BulkOil Tanker

22 April 2024MSI

Shipping industry turns to high-tech wings for faster decarbonisation

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.

ChemicalContainershipDry BulkEnergy

25 March 2024MSI

‘Watch the freight market’: Are rising bulker asset prices getting overinflated?

During the first quarter, capesize rates have been 250% above the five-year average, while panamax rates are only 10% above. Average supramax and handysize rates have been slightly below the five-year rolling average during this time, according to a report by MSI. Read more at TradeWinds.

Dry Bulk

20 March 2024MSI

Fleet supply and trade growth get the balance right for dry bulk

Owners are drawing strong encouragement for the near-term prospects of the freight markets and are right to do so, says Plamen Natzkoff from MSI. Read more at Splash247.com

Dry BulkMulti-Purpose

23 February 2024MSI

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 … Continue reading How world shipping has transformed in the two years since Russia’s full-scale invasion of Ukraine →

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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.

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29 January 2024MSI

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

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29 January 2024MSI

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% … Continue reading The competition for a place in the shipyards is getting tougher →

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10 January 2024MSI

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.

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3 January 2024MSI

Podcast: Shipping markets outlook for 2024

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 →

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2 January 2024MSI

Shipping braces for long haul as Red Sea crisis escalates

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

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2 January 2024MSI

Newbuilding market expected to slow down in 2024

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

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2 January 2024MSI

China dominates shipbuilding amid slowdown as focus shifts to tankers and bulkers

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 →

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2 January 2024MSI

The outlook for dry bulk shipping

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 →

Dry Bulk

21 December 2023MSI

Dry bulk owners pop the bubbly but will the bubble burst in 2024?

The market has surprised to the upside with technical factors to the fore, but fleet supply and a gloomy macro outlook are on the horizon, writes Plamen Natzkoff, head of dry bulk freight and commodities research at MSI. Read more at Splash247.com

Dry BulkMulti-Purpose

14 November 2023MSI

Is the surge in Capesize rates sustainable?

Ahead of his presentation at the International Bulk Shipping Conference, MSI’s head of dry bulk freight and commodities research, Dr Plamen Natzkoff, looks at challenges in the Capesize freight market. Read more at Riviera

Dry Bulk

13 November 2023MSI

China dominates surge for dual-fuel tonnage

Chinese builders have won almost half of the dual-fuel newbuilding orders over the past 18 months, MSI’s data shows. China’s relatively abundant human capital and investments compared with its foreign rivals are said to be partly why it has gained a pole position in this market. Read more at Lloyds List.

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6 October 2023MSI

“Sold out” in Chinese shipyards until 2027

According to a quarterly analysis by the British company MSI, in August of this year the indicative shipbuilding prices were around 30% to 50% higher, compared to the levels at the end of 2020. Read more at Neatora

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27 September 2023MSI

Will a reversal of fortunes position shipyards for the era of decarbonisation?

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

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27 September 2023MSI

Can India become shipping’s next China this decade?

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

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22 September 2023MSI

Dry bulk owners right to be disappointed

Unwinding congestion and more vessel orders will dampen positive deadweight demand in the dry bulk market, according to MSI. Read more at Lloydslist

Dry Bulk

12 September 2023MSI

Trajectory of soaring newbuild prices divides opinion

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 … Continue reading Trajectory of soaring newbuild prices divides opinion →

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25 July 2023MSI

Podcast: Global Energy Outlook

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

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21 July 2023MSI

Thousands of ships could use LNG as fuel. Is that a good thing?

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 … Continue reading Thousands of ships could use LNG as fuel. Is that a good thing? →

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13 July 2023MSI

Podcast: Shipping markets outlook for H2 2023

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

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29 June 2023MSI

Dry bulk: Looking for a boost from the China factor

Fortunes rest on how China’s import demand holds up — but more often than not, the second half of the year has been more profitable than the first half. Still, many participants await news of a meaningful stimulus package that may prop up the property sector and pull in more commodity imports. “The elephant in … Continue reading Dry bulk: Looking for a boost from the China factor →

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