Press releases

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…]

Institute of Chartered Shipbrokers signs agreement to increase access to professional education resources in China

Co-operation programme will promote professional standards by making Institute learning materials available in Chinese for the first time London and Shanghai, April 4, 2017. The Institute of Chartered Shipbrokers (The Institute) has signed a strategic agreement with China’s Ministry of Transport & Shanghai International Shipping Center to expand the delivery of its professional education services. [more…]

Project Forward joins forces with Shell for next phase

Innovative plan for globally-trading LNG-powered bulk carrier and tanker design will work with energy major to investigate LNG supply options and requirements Athens, Greece, September 26, 2016. Project Forward and Shell have come together to discuss and investigate the options of supplying the LNG-fueled vessels and assess the bunker requirements for globally-trading bulk carriers, tankers [more…]

Capesize ‘uptick’ needs stronger fundamentals to turn into a summer surge

A rise in iron ore trade, higher steel prices and increased scrapping have all contributed to recent improvements but the outlook is fragile April 19, 2016. The latest Dry Bulk Freight Forecaster from Maritime Strategies International* analyses the recent uptick in the Capesize market and considers the positive trends and mitigating factors. MSI finds the [more…]

Institute of Chartered Shipbrokers signs MoU with Indian Maritime University

Agreement to promote mutual understanding renews a bilateral commitment to academic and educational co-operation London and Mumbai April 15, 2016. The Institute of Chartered Shipbrokers, the maritime industry’s only body dedicated to professional education, has signed a new Memorandum of Understanding with the Indian Maritime University. The MoU was signed by The Institute’s Sean Walsh [more…]

GTMaritime unveils an email service for a new era of ship to shore communications

Based on the popular GTMail platform, new software release is designed for higher bandwidth systems and retains a focus on cost control UK and Singapore, April 4, 2016. GTMaritime, the shipping industry’s leading provider of shipboard email solutions, has announced GTMailPlus, a shipboard email system designed to reflect the evolution of maritime communications. Usage of [more…]

Container freight market hit by ‘exceptionally weak’ demand, as idle capacity undermines charter earnings

  Cautiously positive forward prospects for freight rates, vessel earnings and trade growth are small comfort to a market in distress London, February 23, 2016. The latest Container Shipping Forecaster from Maritime Strategies International reports ‘flickers of improvement’ in February after an opening to the year which saw 1.3m teu of capacity idle, freight rates [more…]