Although the recovery of bulk carrier earnings has fired sale and purchase activity, values and new orders, market faces an uncertain outlook for the balance of the year, according to research and consultancy firm Maritime Strategies International (MSI).
MSI has forecast a positive short-term outlook for dry bulk freight rates but has cautioned on prospects in the second half of the year. Read more . . .
The launch of THE Alliance and the Ocean Alliance is providing a test for the container charter market. The two new alliances went live on 1 April after helping to fuel a surprisingly strong rally in the charter market.
Rates for intermediate and large containerships have doubled since the start of the year as lines chased a diminishing supply of available tonnage to fill gaps in their new service schedules. Read more . . . (Subscription)
Maritime Strategies International (MSI) Ltd is a dynamic and highly successful shipping consultancy. Currently in a period of rapid growth, we are now looking for a Liquefied Gas Market Analyst. The successful candidate will play a key role in developing new products and revitalising our existing gas shipping services. Read more . . .
Maritime Strategies International (MSI) Ltd is a dynamic and highly successful shipping consultancy business. We are looking for highly motivated individuals with proven experience in key account management, strategic marketing or business development within the financial services and/or shipping industry. Read more . . .
Freight rate improvements have recently moved liner operators toward profitability, whilst charter owners are seeing the first meaningful uptick in earnings since mid-2015. Additionally, the scars of disappointing trade growth in 2016 are seemingly healed, while the imposing 2017 delivery schedule is more a hypothetical than an actual barrier to a sustained recovery. Read more . . .
The mood is buoyant in the containership sector but is the market ignoring the sleeping giant, asks James Frew, senior analyst at Maritime Strategies International.
THE bears are coming to the crude tanker markets. But optimists can rightly claim that they are tamer than before, and that they may not stay long.
“We do expect some uplift to kick in in the spot market towards the end of second quarter as refinery maintenance programmes abate,” an MSI research note said.
Read more . . . (Subscription)