Offshore

Newbuilds likely to be needed as Southeast Asia’s OSV fleet ages

Southeast Asia’s fleet of platform supply vessels (PSVs) and anchor-handling tug/supply (AHTS) vessels is ageing. At the same time, demand is increasing, driven by higher oil prices and concerns about energy security. As MSI associate director Todd Jensen told OSJ, anchor-handling tugs account for around 70% of active vessels in the region. Mr Jensen and his … Continue reading Newbuilds likely to be needed as Southeast Asia’s OSV fleet ages →

Shipyards compete with AI for engines

A familiar constraint from shipping’s last great shipbuilding boom is beginning to reappear: yards are short of engines. “We’ve certainly heard that the availability of engines is having an impact on some yards, in terms of output,” said Adam Kent, who heads up consultancy Maritime Strategies International (MSI). “However, I think this is ultimately leading … Continue reading Shipyards compete with AI for engines →

Offshore vessel owners continue to favour replacement over newbuilds

As MSI associate director, Todd Jensen, explains, growth in the OSV fleet growth remains measured, with owners focusing on the need to replace older tonnage, rather than embark on newbuilding sprees of the type that have adversely affected it in the past. Read more at Riviera.

Anchor-handler scarcity leads to record high North Sea rates

Changes are taking place in the OSV market in the North Sea as the number of high-spec anchor-handling tug/supply (AHTS) vessels declines, partly because of demand elsewhere, partly because of a dearth of newbuilds, and partly because of a contraction in the number of owners of specialized tonnage. Figures provided by Maritime Strategies International (MSI) … Continue reading Anchor-handler scarcity leads to record high North Sea rates →

Structural risks on the horizon in Middle East offshore industry

A combination of contract terminations, spiralling insurance costs and the threat to EPC projects are creating a complex combination of risk for offshore operators in the Middle East as a result of the closure of the Strait of Hormuz In its latest Horizon Monthly Offshore report, MSI notes that, whilst contract terminations for rigs have … Continue reading Structural risks on the horizon in Middle East offshore industry →

What keeps shipping awake at night?

MSI Managing Director, Dr Adam Kent, contributes to the Lloyd’s List Shipping Podcast live from Singapore, as part of the Lloyds List Outlook Forum. Adam highlights the constantly shifting geopolitical backdrop the industry currently faces and how this can be an impediment to investors, given the start-stop nature of many directives. Listen to the podcast … Continue reading What keeps shipping awake at night? →

What war reveals about energy security

Should the energy transition be reframed as a trade resilience strategy, asks Mariam Tzannatos, decarbonisation analyst at MSI. The conflict in the Middle East has once again exposed a structural feature of the global energy system: concentration risk. Read more at Splash247.com

MSI appoints North American director

MSI has appointed John Moulopoulos as director, North America, with responsibility for business development in the Americas. The company said Mr Moulopoulos joins from Boston-based maritime intelligence and data delivery service Marsoft Inc, and his role will include working with North American shipowners and maritime investors, while also drawing on his heritage and network to … Continue reading MSI appoints North American director →

China’s demographic cliff: can shipping live without its golden growth engine?

The demographic sweetspot for China, the 21st century’s driving force of shipping profits, has long passed. This month, Beijing reported its steepest birth rate decline since the Communist Party took power in 1949. Splash Extra investigates what a dwindling population means for global shipping. Adam Kent, managing director at MSI, explains to Splash Extra that … Continue reading China’s demographic cliff: can shipping live without its golden growth engine? →

Shipyard capacity surges but relocation will increasingly take centre stage

Strategic and economic shifts by South Korean builders are designed to counter China’s orderbook dominance, writes Stuart Nicoll, director, MSI. Read more at Xinde Marine.

Shipping markets outlook for H1 2026 – Podcast

2025 was a year like no other for shipping buffeted by US tariffs, trade wars, and geopolitical conflicts but through it all markets across most major sectors performed remarkably well. Going into 2026 there seems to be no let up with the US military action in Venezuela with days of the New Year, so what does the rest of the coming 12 months have to offer the world of shipping? Find out the views of the experts from MSI Ltd by listening to the podcast at Seatrade Maritime.

How to spend it in 2026

According to a new report from Fitch Ratings, next year will still be challenging due to a myriad of geopolitical and policy risks. Shipping will also be hit by the lower GDP growth expected across most major economies in 2026 compared to 2025. Adam Kent, managing director at MSI, agrees with several aspects of this … Continue reading How to spend it in 2026 →

MSI’s Adam Kent: The Structural Shifts Redefining Global Shipping Markets

At the Xinde Marine Forum, Dr Adam Kent, Managing Director of MSI, delivered a data-rich and forward-looking keynote that combined market analytics with deeper structural insights from MSI’s latest research. Read more at Xinde Marine News.

Has the US ceded the race for clean fuels to China?

China-led hydrogen and ammonia regional exports will curb the development of longhaul trades and limit large carrier fleet growth, argues MSI decarbonisation analyst Mariam Tzannatos. Read more at Riviera.

Middle East OSV demand to plateau in 2026 before increase in 2027

The Middle East offshore supply vessel (OSV) market is characterized by strong demand, tight supply and an aging fleet. Major players dominate regional markets, but fragmentation persists, leading to potential consolidation, writes MSI Associate Director Todd Jensen. Read more at Offshore.

APAC offshore wind: frontier of growth

Led by China, the Asia Pacific region represents the majority of installed global offshore wind capacity, with a bullish outlook for new capacity in Taiwan, South Korea, Japan and Vietnam. MSI senior offshore energy market analyst, Todd Jensen, admitted there have been “some hiccups along the way” in the region but was bullish on its … Continue reading APAC offshore wind: frontier of growth →

What would $150bn investment in US shipbuilding look like?

US President Donald Trump likes to trumpet very large numbers and South Korea’s shipbuilding investment plans as part of its bilateral tariff deal is no exception. Now how much of these big numbers will ever see the light of day, especially when one considers Trump’s Presidency has less three and half years to run, is … Continue reading What would $150bn investment in US shipbuilding look like? →

MSI Consultancy Case Study – Entry Strategy

A joint-venture between two major Middle Eastern maritime groups – sought to enter the offshore marine services market. Initially based around OSVs, the venture planned expansion to a full-service operation incorporating DSVs, CSVs and pipelay/heavy lift assets and required a detailed market assessment and business plan incorporating cashflow and capital requirement forecasts under different scenarios … Continue reading MSI Consultancy Case Study – Entry Strategy →

Can hydrogen make good on its clean energy potential?

Ten for ambition, five for achievement. Hydrogen’s journey to alternative fuel solution at scale continues to be a slow one, but the tempo is changing, argues Mariam Tzannatos, hydrogen sector analyst at MSI. Read more at Splash247.com

Brazil, Guyana shape shuttle tanker outlook

Brazil’s offshore oil production continues to underpin growth in the shuttle tanker segment, but the rise of Guyana as a new production hub is reshaping the market’s strategic outlook. Speaking during the 1 July 2025 webinar Market dynamics and strategic partnerships in shuttle tanker operations, MSI director Tim Smith highlighted how fleet expansion, political risk and … Continue reading Brazil, Guyana shape shuttle tanker outlook →

MSI Consultancy Case Study – Optimal offshore fleet and acquisition strategy

The client, a leading Middle East vessel operator, wished to enter the offshore marine services market, and required a detailed market assessment and business plan incorporating cashflow and capital requirement forecasts. A key project element was optimising the fleet composition to marry asset flexibility with commercial performance. MSI studied global and regional market dynamics for … Continue reading MSI Consultancy Case Study – Optimal offshore fleet and acquisition strategy →

Cancelled Culture: Abandoned and Delayed Offshore Wind Projects Now Account for 300 GW

Western markets continue to suffer from a lack of positive signals in the short- term relying heavily on the success of upcoming auction rounds as they strive for net-zero targets, while China market creates a stable platform for investment says MSI. Total project cancellations, suspensions and delays in the offshore wind market have hit 300 … Continue reading Cancelled Culture: Abandoned and Delayed Offshore Wind Projects Now Account for 300 GW →

MSI Consultancy Case Study – Market Entry

MSI recently completed a market entry study for a joint venture between two major Middle Eastern maritime groups. The client sought to enter the offshore marine services market, initially based around OSVs but expanding to a full-service operation incorporating DSVs, CSVs and pipelay/heavy lift assets, and required a detailed market assessment and business plan incorporating … Continue reading MSI Consultancy Case Study – Market Entry →

MSI Consultancy Case Study – Theoretical Emissions Analysis

MSI is increasingly commissioned to research and analyse the impact of environmental regulation and decarbonisation on vessel operations and fleet profiles. This can be supported with access to MSI SEASCAPE. Our expertise in understanding shipping markets extends to specialist analysis of the industry in the energy transition, including impact on vessel types, cargoes and supply … Continue reading MSI Consultancy Case Study – Theoretical Emissions Analysis →

The offshore-energy market: expert insights on growth and trends

Some oil & gas experts predict continued steady growth in the market, while others are more cautious – partly because of current geopolitical uncertainties. Maritime operators in the sector are keen to predict the market’s direction and anticipate changes and challenges that will confront them. PartnerShip asked Todd Jensen, Senior Offshore Energy Market Analyst at … Continue reading The offshore-energy market: expert insights on growth and trends →

Should the tanker sector prepare for the return of Russian barrels to Europe?

Modelling the impact of a peace settlement in Ukraine could result in a major dent to earnings for the sector, writes MSI director Tim Smith. Read more at Riviera

Six factors that enabled China to dominate global shipbuilding

The dominance of China in the newbuilding the market has come under intense scrutiny with the investigations by the United States Trade Representative (USTR) – but how did the country’s shipyards achieve such a leading position? Speaking on the ‘Shipbuilding – a macro view’ panel at Sea Asia 2025 Adam Kent, Managing Director of MSI … Continue reading Six factors that enabled China to dominate global shipbuilding →

Despite rig suspensions, ‘path for growth’ remains in the Middle East

MSI senior offshore energy market analyst, Todd Jensen, sees significant prospects for OSV demand in the Middle East over the next three years. Read more at Riviera

Methanol ships depend on China

According to Maritime Strategies International, the average cost for e-methanol in 2024 was $2,348 per ton of low sulphur fuel oil equivalent, nearly four times the price of low sulphur fuel oil. Mariam Tzannatos, a decarbonisation analyst at the London-based consultancy, tells EEI: “Pricing is currently a significant barrier to the widespread adoption of renewable … Continue reading Methanol ships depend on China →

Choose your risk: short term disruption or long-term transition

Shipping markets have profited from turbulence in this decade, but far bigger changes are coming in the years ahead, argues Tim Smith, a director at Maritime Strategies International. As we approach the mid-point of this decade, from a shipping market fundamentals perspective the most important factor of the 2020s so far has been disruption. Read … Continue reading Choose your risk: short term disruption or long-term transition →

Commercial decisions, not Trump, will determine US oil production

Capacity additions during the Biden administration were the highest for a single-term president. Although the new Trump administration is likely to reduce regulation around drilling and oil production, US oil output nonetheless already hit record levels in 2024. October saw the figure reach 20.7m b/d—a new high for the monthly average. Read more at Petroleum … Continue reading Commercial decisions, not Trump, will determine US oil production →

Can India reach its ambitious shipbuilding targets?

The story of India’s government, led by prime minister Narendra Modi, setting a goal to become a top 10 shipbuilder by 2030 and a top five one by 2047 has been doing the rounds for some time now, but how feasible is it and what must happen for that to become a reality.  “For India … Continue reading Can India reach its ambitious shipbuilding targets? →

Investigating the price ratio between newbuilds and five-year-old ships

“The stronger the earnings, the greater the premium buyers are willing to pay for secondhand tonnage compared to newbuilding prices,” explains Dr Adam Kent, the head of MSI. “Similarly,” he adds, “the higher the earnings the older the vessels owners are prepared to buy, that still attract a premium over the equivalent contract price.” Read … Continue reading Investigating the price ratio between newbuilds and five-year-old ships →

Is growth in Chinese yards leading to a glut in global shipbuilding capacity?

Stuart Nicoll, director at MSI, said that the growth of China’s shipbuilding capacity is expected to be balanced by capacity reductions in Japan and other regions. “The issue will be where to cut. Japan is likely to be the primary focus, but the biggest concerns must be within South Korea. Builders there seem to be … Continue reading Is growth in Chinese yards leading to a glut in global shipbuilding capacity? →

Maritime Market Views Podcast

MSI’s Adam Kent joins Jakub Walenkiewicz on the DNV – Maritime Market Views Podcast to discuss rates and prices, black swans, red flags and the impact of tonne-miles on shipping. Listen to the Podcast at DNV Maritime

How China has taken a generational grip on the global shipbuilding industry

A surge in newbuild orders and a global shortage of berths have created new opportunities for private yards to expand. Stuart Nicoll, director of MSI, believes capacity is set to grow by 5m cgt between 2023 and 2028, an increase of 31%. “Things are moving very quickly.” Read more at TradeWinds.

The roaring twenties and volatility

In an excellent recent presentation given in Singapore, Dr Adam Kent, who heads up UK consultancy MSI, discussed the accumulating black swans in recent years and their links to growing volatility. Read more at Splash247.com

Offshore Vessel Operators Enjoy a ‘Vintage Year’ for Deliveries

Strong confidence in the offshore vessel market has seen orders placed in the previous market upcycle re-activated to take advantage of renewed investor interest. In its Q3 OSV sector report, MSI notes that of the 17 vessels delivered to date in 2024, 13 were ordered more than a decade ago, leaving just over 50 vessels still … Continue reading Offshore Vessel Operators Enjoy a ‘Vintage Year’ for Deliveries →

Offshore vessels seen as best investment in shipping today

Many segments in shipping are enjoying highly profitable times, however, the single best investment owners could make today is in offshore support vessels, according to a new analysis unveiled in Singapore yesterday. Speaking at Marine Money Asia, Dr Adam Kent, managing director of British consultancy MSI, gave his broad take on all the shipping and … Continue reading Offshore vessels seen as best investment in shipping today →

Capacity across big three shipbuilding nations leaps 20% in a year

Across China, shipyards are expanding and churning out ships on a scale not seen since 2008. The shipyard sector has entered a new golden age after more than a decade’s slump following the global financial crisis. Chinese newbuild output has “rocketed” in 2024, Stuart Nicoll, a director at MSI commented. Read more at Splash247.com.

MODU Market Shrugs Off Contract Suspensions to Keep Year of Growth in Sight

The Middle East Gulf offshore market continues to exhibit strong growth in contract awards, even as it adjusts to the decision by Saudi NOC Aramco to suspend contracts for over 20 jack-up rigs. The Gulf region continues to contribute strongly to contract volumes in 2024. MSI tracked circa $50 bn of contract awards during the first … Continue reading MODU Market Shrugs Off Contract Suspensions to Keep Year of Growth in Sight →

Black swans and peak oil at the dawn of a golden age

Shipowners and analysts were in high spirits as they dissected the current market situation and its root causes at Marine Money in New York. Dr. Adam Kent, Managing Director of MSI kicked off the day’s proceedings by bringing the details into focus. Read more at Seatrade.

How the energy transition could create a fleet of ghost ships

MSI Director Tim Smith comments in this article “The long-run view for oil demand is not necessarily the same as the view for the international oil trade,” Read more at FT.com

More shipyard capacity needed to meet green targets

More shipyard capacity will be required in the coming decade, both for newbuilds and retrofits, according to an influential new magazine published at Posidonia in Athens today.  New shipbuilders are forecast to emerge from Vietnam, the Philippines and India as global shipyard capacity grows gradually through to 2035, according to the ABS forecast, which uses … Continue reading More shipyard capacity needed to meet green targets →

Joe Biden’s China probe throws lifeline to South Korean and Japanese shipyards

Chinese yards were gaining ground, said Adam Kent, Managing Director at MSI. “There’s still a market perception that the Chinese quality is not as good as in Korea but that quality is [moving] closer.” Read more at FT.com

Shipping industry turns to high-tech wings for faster decarbonisation

Stuart Nicoll, a director at MSI, a London-based consultancy, insisted that wind power had clear benefits given steady growth in taxes on shipping emissions. Since the start of the year, ships entering EU ports have had to pay for the emissions on their journey under the bloc’s emissions-trading scheme. Read more at FT.com.

Spare $30m to spend? Here’s MSI’s best ship buy tips for 2024

Planets are aligned on the tanker side with a supply squeeze set to drive up asset prices. Read more at TradeWinds.

The competition for a place in the shipyards is getting tougher

The slots in China and South Korea for 2026 are “counted on the fingers of the hand”, while those with scheduled delivery in 2027 are now drying up at high speed. “The situation regarding the availability of slots is always complicated until the orders are confirmed. “Orderbook data shows significant yard space for 2027 (about 75% … Continue reading The competition for a place in the shipyards is getting tougher →

China dominates shipbuilding amid slowdown as focus shifts to tankers and bulkers

Consultancy and research company Maritime Strategies International concluded that in 2022 and 2023, newbuilding contracting massively exceeded underlying replacement and incremental demand growth requirements. “After the container-boosted wonder year of 2021, we anticipated contracting would ease back in 2022 and 2023. It now looks like around 137m gross tonnes was ordered over the two years, … Continue reading China dominates shipbuilding amid slowdown as focus shifts to tankers and bulkers →

“Sold out” in Chinese shipyards until 2027

According to a quarterly analysis by the British company MSI, in August of this year the indicative shipbuilding prices were around 30% to 50% higher, compared to the levels at the end of 2020. Read more at Neatora

Will a reversal of fortunes position shipyards for the era of decarbonisation?

After three torrid years of low profitability, a combination of falling costs and rising prices put yards on a stronger footing, writes Stuart Nicoll from MSI. Read more at Splash247.com

Trajectory of soaring newbuild prices divides opinion

The trajectory of newbuild prices which have soared up by as much as 50% in less than three years is dividing experts with owners facing tricky decisions on when to kickstart fleet renewal programmes ahead of stricter 2030 green targets for shipping agreed at the International Maritime Organization this July. MSI believes that newbuild prices … Continue reading Trajectory of soaring newbuild prices divides opinion →

Valaris reactivates another floater

Today’s announcement from Valaris is in line with the recent insights into floater reactivation prospects made by London-based MSI. Read more at Marinelog.

Podcast: Global Energy Outlook

Tim Smith of MSI considers how changes in global energy consumption out to 2050 might impact global shipping demand. He also addresses the oft-mooted issue of ‘stranded assets’ in the context of the energy transition. Could ships become obsolete – from a technological and regulatory standpoint – before their assumed 25-year lifespan? Listen at ship.energy

Tidewater rides a wave in the offshore vessel market

There is a bullish outlook for the offshore vessel sector both among US owners in the sector and from analysts. Analysis presented at Marine Money New York Conference by Dr Adam Kent, from MSI, which produces a matrix with prospects for all the maritime segments viewed the OSV sector as one of the most attractive … Continue reading Tidewater rides a wave in the offshore vessel market →

Next-generation wind turbines go beyond legacy lifting capabilities

Growth in size of offshore wind turbines drives need for larger lifting capacities. Using data produced by MSI, forecasting the total number of offshore wind projects to be installed per year, for both fixed and floating foundation windfarms, UK-based HLP believes project developers will struggle to meet demand, based on current logistics practices and equipment … Continue reading Next-generation wind turbines go beyond legacy lifting capabilities →

Shipyards dust off facilities to meet huge fleet renewal demand

Mothballed capacity is being brought back to life as contracting is forecast to rise. “Expansion in capacity will certainly be needed in the second half of the decade, when we expect a surge in contracting volumes in response to the twin requirements of fleet renewals and decarbonisation efforts,” says MSI director Stuart Nicoll. Read more … Continue reading Shipyards dust off facilities to meet huge fleet renewal demand →

Shipyard capacity expected to expand amid push for dual-fuel orders

Demand for alternative fuel newbuildings will spur expansion of shipbuilding capacity, including bringing some of the collapsed yards back to life. But the boom seen in the 2000s, which later led to severe overcapacity problems, is unlikely to be repeated. The bounceback will mainly be led by demand for fresh tonnage using alternative marine fuels, … Continue reading Shipyard capacity expected to expand amid push for dual-fuel orders →

The challenges for shipping in the midst of a banking crisis

The shipping industry has faced new challenges over the past 12 months due to higher funding costs following the rise in interest rates. MSI’s Managing Director, Dr Adam Kent, contributes his thoughts on the topic in an article published by Naftemporiki

Offshore wind farm logistics risk becoming a quayside carpark

HLP believes project developers will struggle to meet demand based on current logistics practices and equipment provision based on MSI forecasts for the total number of offshore wind projects to be installed, per year, for both fixed and floating foundation windfarm. Read more at Energyvoice

Shortages expected in offshore construction support vessels

Increasing worldwide levels of offshore oil, gas and renewables developments will hike charter rates and remove market slack. According to MSI upstream investment in floating production systems (FPS) and well tie-backs will drive demand for subsea construction and maintenance support vessels this decade. Read more at Riviera

Subsea market opportunities and technology developments revealed

Upstream investment in floating production systems (FPS) and well tie-backs will drive demand for subsea construction and maintenance support vessels this decade. MSI offshore energy market analyst, Joshua Belo-Osagie said “FPS projects in Latin America and West Africa, and maintenance work in the North Sea and Asia are driving market demand.” Read more at Riviera

Offshore in 2023: Reasons for optimism

MSI’s Offshore Energy Analyst, Joshua Belo-Osagie, is expecting 2023 to represent another robust period for the offshore marine supply chain, with offshore wind forecast to see a positive outlook for the foreseeable future. Read more at Splash247.com

Repair yards and offshore wind make for sound investments

The industry is set for one of the most dynamic periods it has ever witnessed during the remainder of the decade as it grapples with decarbonisation, the energy transition, geopolitical ramifications and the further maturing of the Chinese economy. Read more in TradeWinds

Shipyards look to plug the gap as two-horse newbuilding race runs its course

Shipyards banking on a decarbonisation-driven order boom must contend with present day realities, writes MSI Director Stuart Nicoll. Read more in Splash247.com

Prepare for higher shipping costs but the EU ETS should be a manageable change

Carbon taxes will increase, favouring energy efficient ships and requiring closer co-operation between owners and charterers, says Will Fray, Director, Maritime Strategies International. Read more in Safety4sea.com

Ukraine invasion has permanently changed the map of the oil market

China’s Asian neighbours are soaking up surplus crude volumes and creating new routes in the process, writes Tim Smith, Director, Maritime Strategies International. Read more in Splash247.com

New offshore projects coming in UK and Norway

Offshore support vessel (OSV) owners will benefit from increased investment in the North Sea oil and gas sector, with some deferred projects being brought forward. High energy prices are driving oil and gas companies to expand their expenditure on new offshore projects, some involving billions of dollars of investment for deepwater projects.  Watch MSI Director James … Continue reading New offshore projects coming in UK and Norway →

Rigs report: global floater utilisation to hit 90% by 2024

Prospects in South America, notably Brazil, are brightening both for floaters and offshore support vessels (OSVs), particularly for larger anchor handling tug supply (AHTS) and platform supply vessels (PSVs), according to MSI. Read more in  Riviera Maritime Media

Offshore oil, gas and renewables spending set to double to US$600Bn

Capital expenditure in oil and gas and offshore wind projects will rise significantly in the next five years… Read more in Riviera

Clean energy targets likely to drive further growth in turbine installation vessel market

Like other analysts, MSI expects a very strong shift from small offshore wind turbines to larger units in the coming decade, with turbines expected to reach a capacity of 20 MW or more. Read more in Riviera

Oilfield service sector needs consolidation to survive MSI warns

Drilling contractors and offshore service (OFS) providers should seek consolidation as soon as possible to secure their long-term future. This is one of the conclusions of Maritime Strategies International’s latest MODU Market Report. Read more in Seatrade

Regulation and market measures combine to reshape the shipping market- Foresight July 2021

As decarbonisation efforts, global regulation, along with the Poseidon Principles gather momentum after what has been a volatile year, even by the shipping industry’s standards, MSI thought it pertinent to publish some analysis looking at what we might achieve in the near-term.

Offshore sector needs a reality check on long-term benefits of consolidation

The offshore drilling market is ripe for consolidation. The sector continues to face challenges managing an oversupplied, highly competitive market combined with overleveraged balance sheets, weak liquidity and stressed financials. Read more in Splash!

Asian offshore wind offers lifeline to AHTS vessel owners

Massive investments in offshore windfarms in Asia will generate opportunities for southeast Asian OSV owners, while Qatar gas expansion presents best near-term work in the Middle East. Read more in Riviera

Offshore wind boom demands careful navigation

Owners of wind turbine installation vessels can expect to see earnings and demand grow, but oversupply might be looming if too many vessels area ordered. Read more in Riviera

Near-term uncertainty plagues the OSV market

Limited visibility and volatility have made planning for 2021 difficult and there is little by way of longer term clarity, writes Gregory Brown, associate director – offshore at Maritime Strategies International. Read more in Splash News

Norway sets out green shipping policies and budget

During this session, Maritime Strategies International senior offshore analyst Dr Ferenc Pasztor outlined the current status and outlook for green fuels in the European shipping industry. Read more here

Foresight: Forecasting the Shipbuilding markets in the New Normal

The COVID-19 pandemic has compounded existing uncertainties to create a perfect storm for the shipbuilding markets, as well as having widely differing impacts on different sectors of shipping. Take a look inside the latest foresight!

Wind work no magic bullet for North Sea offshore owners after ‘sobering’ month

UK consultancy Maritime Strategies International (MSI) has said there are likely to be around 180 floating wind turbines installed globally in 2024. Read more in TradeWinds

What to do about the laid-up, oversupplied OSV market

Offshore vessel owners must somehow address the huge number of laid-up vessels to repair the damaged OSV sector, said experts at Riviera’s Offshore Support Journal, Middle East Virtual Conference. Read more here

What the battle for the White House means for global shipping

With the US election just six days away, we asked Dr Adam Kent, managing director of Maritime Strategies International, for his take on the ramifications of the result for international shipping. Read more in Splash247

Shift to renewables could be a painful transition for offshore supply chain

Potential pitfalls await those unprepared for the push towards diversification from conventional energy writes Gregory Brown, Maritime Strategies International. Read more in Energy Voice

Don’t Go Chasing (Deep) Waterfalls: The Future of Drillship Financing

The oil majors’ retreat from frontier plays limits future drillship demand with deepwater, investment looks limited to Brazil and Guyana, writes Gregory Brown, Maritime Strategies International in Offshore Engineer Magazine

Jack ups and floating rigs expected to fall to 30 plus year lows

Maritime Strategies International has more bad news for the ailing offshore sector. Read more in TradeWinds here

Covid-19 and cheap oil knock offshore sector down again

This time, offshore companies have already cut back to deal with the depressed market. Read more

Oil industry vulnerable amid second major crisis in six years

The global oil industry is far from prepared to weather the current storm, according to a new analysis by consultancy MSI Offshore. Read more

Saudi Decision Will See Oil Markets Take a Bath

A sustained price war could see marginal projects delayed and hasten a predicted decline in new awards, writes Gregory Brown, Maritime Strategies International. Read more

Collapse of OPEC+ and offshore market impacts

A sustained price war could see marginal projects delayed and hasten a predicted decline in new awards, writes Maritime Strategies International associate director offshore Gregory Brown. Read more

IMO 2020 – lower sulphur means higher freight rates

‘From our discussions with Maritime Strategies International (MSI) and other active participants in the freight market, we now expect a higher uptake of scrubbers. We estimate that 20-25% of the larger Capesize vessels will have scrubbers fitted by end 2020. For the mid-size Panamax vessels, the uptake is lower at 5%.’  Read more

2020 Offshore Exploration Outlook

Exploration and production companies are expected to enter 2020 with measured optimism for offshore exploration prospects, after 2019 delivered a moderate increase in exploration drilling and no-so-moderate rise in licensing activity. Read more here

Take a look at our latest Foresight piece on LNG bunkering: A Niche Market

Malaysia upstream a ‘saviour’ for regional OSV owners

MSI’s Gregory Brown states that utilisation of floating drilling rigs (semi-submersible and drillships) is expected to rise over 70% in 2020. Jack-up rig utilisation is now climbing to more than 65%, statistics have shown. He foresees utilisation for anchor-handlers and PSVs will rise to 60% in 2020, a rise from 50% in 2017-18. Read more

Oil report claims dry Barents Sea prospects discourage investment

The higher investment level on the Norwegian continental shelf will decline again next year, MSI have reported based on underwhelming exploratory drillings in the Barents Sea. Read more

Asian OSV demand boosted by US$10Bn upstream contracts

There may be issues with oversupply in Indonesia, but Myanmar and Brunei could offer real incremental activity for OSV owners, according to MSI’s Gregory Brown Read more

Offshore Marine – A Case for Optimism or Cause for Concern?

Ahead of Seatrade Offshore Marine and Workboats Middle East 2019, MSI’s Senior Offshore Analyst, Dr Ferenc Pasztor, weighs in with his opinion. Read more

The increasingly connected OSV

MSI’s Dr Ferenc Pasztor thinks dual-fuel OSVs could be ordered in niche opportunities, such as when the charterer has gas resources of its own. “It really will depend on what happens after the start of IMO 2020 because of the additional capex”, says Dr Pasztor. Read more

Fate of the idle fleet will shape OSV market’s recovery

MSI’s Ferenc Pasztor on the implications of oil price and OSV scrapping activity, published in OSJ. Read more here

DP World plots consolidation path with acquisition of Topaz

MSI’s James Frew on the acquisition of Topaz Energy and Marine, published in offshore support Read more

Carbon Carriers

The consequences for shipping markets of a major shift in energy consumption away from hydrocarbons and towards renewables and biofuels is the subject of a report prepared by MSI on behalf of the European Climate Foundation. MSI’s shipping market modelling systems were used to analyse how global fossil fuel demand reductions could alter inter-regional commodity … Continue reading Carbon Carriers →