Company Directors

Michael Payne

Michael Payne

Managing Director

+44 (207) 940 0079

Mike is responsible for business development and marketing within the company. He has travelled extensively over the last ten years giving presentations to a wide variety of ship owners/ship builders and institutional/government clients and contacts.

Prior to joining MSI in 1990, Mike was employed by Lloyds Maritime Information Services, where he co-ordinated the marketing of the Division's hard copy reports to blue chip companies involved in deep sea trade and transportation. In addition, he acted as an advisor on a wide variety of shipping consultancy projects.

Mike received a B.A. Joint Honours Degree in Economics and Econometrics from Nottingham University in 1986 where he specialised in Operations Research and Natural Resource Economics.
Stuart Nicoll

Stuart Nicoll

Director

+44 (207) 940 0073

Stuart is responsible for developing and managing MSI's modelling systems. In addition he oversees the Shipbuilding and Specialist Sector Services, as well as co-ordinating consultancy projects.

Stuart also sits on the Management Board for Shipping in Changing Climates, a £3.5Mn UK government financed research initiative involving a multi-disciplinary consortium of leading UK academic institutions and 35 industry stakeholders. The objectives of the project are aimed at addressing shipping’s possible responses due to changes in macroeconomic drivers, regulations and climate.

Prior to joining MSI in 1996, Stuart was Deputy Editor at the magazine Lloyd's Shipping Economist. He wrote on all aspects of the international shipping industry, in addition to having editorial responsibility for the coverage of the shipbuilding, dry bulk, tanker and liquefied gas markets.

Stuart graduated with an M.A. in Natural Sciences from Cambridge University.
Adam Kent

Dr. Adam Kent

Director

T: +44 (207) 940 0074

Adam has overall responsibility for the integrity of MSI's databases along with quantitative research and statistical analysis for MSI's consultancy projects, modelling and forecasting tools.

Since joining MSI in 2002 Adam has developed the company's vessel valuation and forecasting capabilities across all shipping sectors and has been retained as an expert witness (in both the UK and the USA) on a number of valuation, value and cash flow cases (historical and forecast for wet and dry sectors).

He is responsible for overseeing the fleet supply components of the Shipping Planning Services products and is regularly invited to speak at international shipping conferences on a wide range of topics.

Adam also sits on the Management Board for Shipping in Changing Climates, a £3.5Mn UK government financed research initiative involving a multi-disciplinary consortium of leading UK academic institutions and 35 industry stakeholders. The objectives of the project are aimed at addressing shipping’s possible responses due to changes in macroeconomic drivers, regulations and climate.

He has a Ph.D. in Theoretical Ecology from the University of Southampton, and a First Class B.Sc. Honours degree in Applied Biology from the University of Bath.

Functional Directors

Niklas Carlen

Niklas Carlen

Research Director

+44 (207) 940 7197

Niklas re-joined MSI in August 2012 from Statoil Fuel & Retail (SFR), having previously worked as MSI’s Research Director during 2003-05 with responsibility for MSI’s dry bulk and tanker planning services.

At SFR, Niklas was Head of Market Analysis and Project Manager for SFR’s strategy for alternative road transportation fuels.

Prior to joining SFR, Niklas spent 6 years as Head of Global Market Intelligence at Wallenius Wilhelmsen Logistics (WWL), where he was part of the Ocean Transportation management team and responsible for developing the group’s forecasts for the PCTC and deepsea RoRo markets as well as providing key directions for corporate strategy. In addition, Niklas has 6 years experience from a similar role with Gearbulk.

Niklas graduated with an M.Sc. In Shipping, Trade and Finance from Cass Business School in 1996, and is a Fellow of the Institute of Chartered Shipbrokers (FICS).
Capt. Kaizad Doctor, PhD

Capt. Kaizad Doctor, PhD

Director of Modelling

+44 (207) 940 7193

Kaizad had an extensive seagoing career with Exxon Mobil and Mitsui on LPG, VLCC's and dry bulk carriers, culminating with two years in command. He has an MSc in Shipping Trade and Finance (with Distinction), an MRes in Finance (with Distinction) as well as a PhD in finance from Cass Business School. He enjoys teaching courses in quantitative methods, probability theory and econometrics at the masters and undergraduate level.

As the Director of Modelling at MSI he is responsible for empirical research, statistical and computational modelling, database management, new product development and optimization of existing systems. His current work is focused on creating risk management solutions for financial institutions towards Basel II compliance. He has written several academic papers in the field of shipping economics, asset pricing and valuation, statistical arbitrage and applied econometrics.
Will Fray

Will Fray

Director of Product Development

+44 (207) 940 0075

Will is MSI's senior dry bulk analyst, with overall responsibility for updating our forecasts and reports for our Dry Shipping Planning Service (DSPS), Bulker Freight Forecaster and dry bulk specialist sector models.

Will is often involved in bespoke consultancy and research projects and regularly presents to clients on the dry bulk markets.

Prior to joining MSI in 2007, Will was employed was in the liner sector, working for OOCL as an analyst in the Atlantic trade. He has a BEng Honours degree in Ship Science from the University of Southampton and is a member of the Royal Institute of Naval Architects. He is also a graduate of FitchLearning's advanced Certificate in Quantitative Finance (CQF) course, focusing on stochastic methods of forecasting for risk management and pricing of derivatives.
James Frew

James Frew

Director of Consultancy

+44 (207) 940 7194

James covers both the container shipping and offshore oil and gas markets for MSI. He is responsible for containership market forecasting, producing MSI's regular containership publications and updating the container shipping model, as well as being involved in bespoke consultancy and research projects.

On the offshore side he takes a lead role in developing MSI's suite of models covering the offshore markets in cooperation with MSI’s offshore partners Infield Systems.

Prior to joining MSI, James studied for an MSc in International Trade, Finance and Development at Barcelona Graduate School of Economics. Previously he worked as an analyst at Clarksons Research, and has undergraduate qualifications in History and Economics, respectively from Oxford University and Birkbeck College, London.
Tim Smith

Tim Smith

Director, Oil and Tanker Markets

+44 (207) 940 0078

Tim is responsible for MSI's macroeconomic and oil market forecasting. Specialising in the tanker sector he regularly gives presentations to clients including banks, brokers and shipowners regarding the market outlook.

With overall responsibility for MSI's Tanker Shipping Planning Service (TSPS) model and report, as well as the Tanker Freight Forecaster, Tim is also often involved in bespoke consultancy and research projects.

Prior to joining MSI, Tim worked for Shell Trading and has a BSc in Economics from the University of Warwick.

Analysts

Kieran Hess

Kieran Hess

Analyst

+44 (207) 940 7195

Kieran’s primary focus is analysing shipping supply. He contributes to a number of MSI’s core products, shipping market models and bespoke consultancy projects.

Prior to joining MSI, Kieran was employed as a market analyst at BAE Systems providing insight and analysis for global defence and security markets. Before this, Kieran was a graduate engineer involved in nuclear submarine design at the Barrow-in-Furness shipyard.

Kieran has a masters degree in mechanical engineering from the University of Warwick.
Sierra Highcloud

Sierra Highcloud

Analyst

+44 (207) 940 0076

Alex Hurel

Alex Hurel

Analyst

+44 (207) 940 7198

Alex's principal focus is empirical research, statistical and computational modelling, and product development, as well as contributing to bespoke consultancy projects.

Prior to joining MSI, Alex was employed as a shipping research analyst focusing on AIS analytics and research projects involving ship finance and freight derivatives. He graduated with a First Class Honours degree in Computer Science from the University of Southampton.
Daniel Macedo

Daniel Macedo

Senior Analyst

+44 (207) 940 0077

Daniel's principal focus is on MSI's valuations service. He also assists the sector shipping analysts with the generation of regular monthly/quarterly services, bespoke consultancy and research reports.

Prior to joining MSI, Daniel studied for an MBA at IE Business School in Madrid and worked as an analyst in the retail banking business in Venezuela.
Dr. Ferenc Pasztor

Dr. Ferenc Pasztor

Offshore Analyst

+44 (207) 940 7196

Ferenc is responsible for analysing the offshore oil & gas industry and the related vessel markets and has been developing MSI's offshore support vessel and drilling rig market forecast models. He is involved in bespoke research and consultancy projects.

Before taking this role at MSI, Ferenc worked as a post-doctoral researcher at the Commission of Atomic and Alternative Energy (CEA) in France.

Ferenc has a Ph.D. in Natural Resources from BOKU, Vienna
Senthuran Raviraj

Senthuran Raviraj

Analyst

+44 (207) 234 9478

Daniel Richards

Daniel Richards

Analyst

+44 (207) 234 9475

Daniel covers the container shipping sector for MSI, with responsibilities for MSI’s containership publications and underlying model. He is also responsible for MSI’s macroeconomic forecasting and commentary.

Before joining MSI, Daniel worked as a researcher for the Center for European Policy Analysis, a Washington, D.C.-based think tank focused on Central and Eastern Europe. He has previously held think tank and research-related roles in Italy and Spain.

Daniel studied for an MA in International Relations and International Economics at the Johns Hopkins School of Advanced International Studies (SAIS), and a BA in History at the University of Cambridge.
Kassiani Savvopoulou

Kassiani Savvopoulou

Analyst

+44 (207) 234 9472

Will Tooth

Will Tooth

Analyst

+44 (207) 234 9473

Finance, Sales and Administration

Robert Bewick

Robert Bewick

Key Account Manager

+44 (207) 940 7191

Mesut Kosucu

Mesut Kosucu

Senior Software Engineer

+44 (207) 234 9474

Dilup Mahipalamudali

Dilup Mahipalamudali

Business Administrator

+44 (207) 234 9471

Reuben Ramanah

Reuben Ramanah

Business Manager

+44 (207) 940 7190

Reuben is responsible for the financial management of MSI as well as providing administrative support to the team and managing the office on a day to day basis.

Reuben has more than 5 years' experience as a Finance Manager and is a part qualified CIMA Management Accountant. He obtained a BA in Economics from Sussex University.
Michael Robertson

Michael Robertson

Sales and Marketing Manager

+44 (207) 940 7199

Michael joined MSI in 2015 to lead the sales and maraketing effort.

Michael's prior experience includes an 8 year period in the oil & gas sector having been part of the marketing team at energy advisors Douglas-Westwood. He has also been employed in the UK insurance and power industries.