Tag: MSI

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.

Xinde Marine has signed a Cooperation Agreement with MSI (Maritime Strategies International), which will increase the latter's profile in China.

The decarbonisation of global energy supplies to mitigate climate change will have significant implications for the global shipping industry. If the Paris Agreement goals are met, the fossil fuel cargo base that shipping serves would experience an aggressive and prolonged transformation, according to a report from Maritime Strategies International.

After a new pattern at the start of the year, July saw a modest realignment between charter and freight markets. This comes as liner operators react to cost pressures and the industry awaits the affects of the potential trade war between the US and China, the latest Container Shipping Forecaster from MSI noted.

The five Indian yards that are already being considered for EU inclusion would add 323,000 LDT of annual capacity, while four others recently applying could contribute a further 300,000 LDT. The EU must step up its assessment of these yards and ensure that acceptable conditions, MSI notes.

An intense hurricane season in the Caribbean and Gulf of Mexico in recent months has brought a high level of disruption to the tanker industry, but there have been some important and constructive shifts in the market positive for future conditions, according to Maritime Strategies International.

The Q3 2017 tanker market is proving vexatious for owners still struggling with the effects of fleet oversupply. But in its latest monthly forecast, Maritime Strategies International observes that changing trade patterns could help stabilise the market towards year-end and into 2018.

Malta's Marine Safety Investigation Unit issued an investigation report, on the case of the fatal fall overboard of a chief mate in Trincomalee, Sri Lanka, on 28 April 2016. The report aims to determine the circumstances and safety factors of the accident and to prevent further marine casualties or incidents from occurring in the future.

MSI has issued a positive on the near-term outlook for Capesize spot earnings, partly driven by the latest data for Chinese steel and iron ore import demand. However this support is not expected to wane in Q2/Q3 and they are still mindful of large port stockpiles of iron ore and evidently more negative than the FFA market for June and September periods.

Marine Safety Investigation (MSI) of Malta issued a simplified investigation report on an accident, that happened during Cielo di Tocopilla, a register bulk carrier, was loading steel products in the port of Ilo, Peru and the whiplash of the mooring rope section struck a bosun on his right leg.