Shifting oil market dynamics key to 2018 tanker trade prospects says MSI

Q3 earnings have floundered but peaking fleet growth and increased tonne-miles could see spot rates stabilise and T/C rates make a modest improvement London, August 16, 2017. 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 [more…]

Supply/demand improving but shipyards must still fight for survival, says MSI

Some major market indicators are improving but yards remain underemployed and newbuilding and second-hand prices have not yet hit bottom London, 2 August, 2017. After a painful decade in which the shipping industry has suffered from an unhealthy supply position, a sustained reduction in contracting has at last begun to move the orderbook into closer [more…]