Subscribe to our Mailing Lists (It's free!)
Saturday, March 25, 2023
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    safety alert

    USCG: Adherence to instructions for inflatable boats is crucial

    MPA Singapore to step down the remaining COVID-19 measures

    MPA Singapore to step down the remaining COVID-19 measures

    maritime law

    MNWB: UK’s new law will boost seafarer welfare

    Ship dislodged in Edinburgh dockyard injuring 35 people

    Ship dislodged in Edinburgh dockyard injuring 35 people

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    Why sleep and mental health go hand-in-hand

    Why sleep and mental health go hand-in-hand

    Life coaching tips: How to maintain a good work-life balance

    Life coaching tips: How to maintain a good work-life balance

    Wabi sabi

    Wabi Sabi: Imperfection makes perfection at work

    sexual abuse

    Sexual abuse at sea: Where we stand

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    Anglo-French alliance signs MoU for green corridor on Dover Strait

    Anglo-French alliance signs MoU for green corridor on Dover Strait

    Maersk signs MoU on methanol bunkering with Shanghai Port

    Maersk signs MoU on methanol bunkering with Shanghai Port

    CapLab decarbonization center established at Molo Giano

    CapLab decarbonization center established at Molo Giano

    EIA LNG

    EIA: Europe was the main destination for U.S. LNG exports in 2022

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    Ports of Stockholm

    Ports of Stockholm to focus on the safety aspects of autonomous ships

    NAPA: Simulation software aids in predicting CII

    NAPA: Simulation software aids in predicting CII

    Canada, UK join forces for R&D digital project on decarbonization

    Canada, UK join forces for R&D digital project on decarbonization

    technology

    How a joined-up approach to technology drives people performance

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
    australia sea mines

    AMSA imposes 90-day ban on Dutch vessel

    Singapore

    Eco Spark arrested in Singapore

    Liberia

    Liberia: key guidance for machinery space deficiencies

    orange county oil spill fines

    Taiwan’s Wan Hai Lines to pay $950,000 in civil penalties

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    MPA Singapore to step down the remaining COVID-19 measures

    MPA Singapore to step down the remaining COVID-19 measures

    Ports of Stockholm

    Ports of Stockholm to focus on the safety aspects of autonomous ships

    SAFETY4SEA, Europort once again join forces to present a set of 15 prestigious awards

    SAFETY4SEA, Europort once again join forces to present a set of 15 prestigious awards

    IMO wishes for further extension of the Black Sea Grain Initiative

    IMO wishes for further extension of the Black Sea Grain Initiative

  • Columns
    WSC: Minimising accidents is at the top of liner shipping’s agenda

    WSC: Minimising accidents is at the top of liner shipping’s agenda

    technology

    How a joined-up approach to technology drives people performance

    SCMA: Maritime arbitration is expected to rise in prominence

    SCMA: Maritime arbitration is expected to rise in prominence

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    safety alert

    USCG: Adherence to instructions for inflatable boats is crucial

    MPA Singapore to step down the remaining COVID-19 measures

    MPA Singapore to step down the remaining COVID-19 measures

    maritime law

    MNWB: UK’s new law will boost seafarer welfare

    Ship dislodged in Edinburgh dockyard injuring 35 people

    Ship dislodged in Edinburgh dockyard injuring 35 people

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    Why sleep and mental health go hand-in-hand

    Why sleep and mental health go hand-in-hand

    Life coaching tips: How to maintain a good work-life balance

    Life coaching tips: How to maintain a good work-life balance

    Wabi sabi

    Wabi Sabi: Imperfection makes perfection at work

    sexual abuse

    Sexual abuse at sea: Where we stand

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    Anglo-French alliance signs MoU for green corridor on Dover Strait

    Anglo-French alliance signs MoU for green corridor on Dover Strait

    Maersk signs MoU on methanol bunkering with Shanghai Port

    Maersk signs MoU on methanol bunkering with Shanghai Port

    CapLab decarbonization center established at Molo Giano

    CapLab decarbonization center established at Molo Giano

    EIA LNG

    EIA: Europe was the main destination for U.S. LNG exports in 2022

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    Ports of Stockholm

    Ports of Stockholm to focus on the safety aspects of autonomous ships

    NAPA: Simulation software aids in predicting CII

    NAPA: Simulation software aids in predicting CII

    Canada, UK join forces for R&D digital project on decarbonization

    Canada, UK join forces for R&D digital project on decarbonization

    technology

    How a joined-up approach to technology drives people performance

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
    australia sea mines

    AMSA imposes 90-day ban on Dutch vessel

    Singapore

    Eco Spark arrested in Singapore

    Liberia

    Liberia: key guidance for machinery space deficiencies

    orange county oil spill fines

    Taiwan’s Wan Hai Lines to pay $950,000 in civil penalties

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    MPA Singapore to step down the remaining COVID-19 measures

    MPA Singapore to step down the remaining COVID-19 measures

    Ports of Stockholm

    Ports of Stockholm to focus on the safety aspects of autonomous ships

    SAFETY4SEA, Europort once again join forces to present a set of 15 prestigious awards

    SAFETY4SEA, Europort once again join forces to present a set of 15 prestigious awards

    IMO wishes for further extension of the Black Sea Grain Initiative

    IMO wishes for further extension of the Black Sea Grain Initiative

  • Columns
    WSC: Minimising accidents is at the top of liner shipping’s agenda

    WSC: Minimising accidents is at the top of liner shipping’s agenda

    technology

    How a joined-up approach to technology drives people performance

    SCMA: Maritime arbitration is expected to rise in prominence

    SCMA: Maritime arbitration is expected to rise in prominence

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
SAFETY4SEA

MSI on Tanker Market: Uncertainty caused by shifting dynamics

by The Editorial Team
March 2, 2023
in Shipping
baltic exchange

Credit: Shutterstock

FacebookTwitterEmailLinkedin

Maritime Strategies International (MSI) has released a report stating that Asia, and in particular China, is expected to dominate oil demand growth in 2023, but overall cargo volumes look set to be relatively restricted despite distance-driven gains. The upside in crude and and products markets during February may seem promising, but owners must be aware of the unstable nature of supply and demand.

China is seeing a sharp increase in transportation fuel demand associated with its opening up, and jet/kerosene demand is likely to surge as flying activity increases. Analysis of crude flows show that it is not just the Russia/Europe dynamic that is changing. China’s intake of Middle Eastern crude has been falling despite its opening up from COVID restrictions and the country is taking in more Urals crude from Russia but also American-sourced barrels.

The first two months of 2023 have seen tanker market fortunes change rapidly, illustrating the volatility and upside that continues to persist as global trade patterns are reshaped. Sharp increases in spot earnings have been a feature of the first quarter so far, emphasizing the volatility and upside that continues to persist as global trade patterns are reshaped.

The recovery in tanker spot earnings is in part due to Europe’s ban on seaborne Russian products coming into effect, with trade flows in January suggesting Europe will rely further on the Middle East, Americas and Asia to source its incremental products needs. Russian cargoes are likely to increasingly head to Latin America and the Middle East, increasing product tanker tonne-miles.

RelatedNews

Six companies join forces to build methanol tanker

Allied Market Research: Marine scrubber market to reach $20.3 billion by 2031

“From the current perspective, the tanker market is good place to be and although we remain positive, some cooling off in both earnings and asset prices remains a feature of our forecast across 2023,” says MSI Director Tim Smith. “Lower deliveries in the larger crude sectors may also help support market dynamics in 2023. Scrapping activity remains relatively elusive, given both high demand for older tonnage and strong freight markets.”

Tags: ChinaMSIshipping financetankers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

safety alert

USCG: Adherence to instructions for inflatable boats is crucial

March 24, 2023
MPA Singapore to step down the remaining COVID-19 measures

MPA Singapore to step down the remaining COVID-19 measures

March 24, 2023

SEAFiT Poll

What is the biggest obstacle for the social life onboard?

Stay tuned for the results!

MARITIME EVENTS

Explore

  • Safety
  • Green
  • Smart
  • Risk
  • Others
  • Events
  • Plus

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Contact

RISK4SEA Facts

Did you know the port with the most detentions for 2020 in General Cargo? Novorossiysk (Russia) with 36 detentions in 312 inspections.

Learn more risk4sea.com

© 2021 SAFETY4SEA

No Result
View All Result
  • Safety
    • Alerts
    • Accidents
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Opinions
    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus

© 2021 SAFETY4SEA

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Disclaimer.