Search results for: MSI

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  • 23 December 2015

    The global containership fleet made idle this year is set to reach a new record, surpassing the 1.5m TEU mark set in December 2009, according to Maritime Strategies International. As of November, 1.4m TEU was idle, having increased 760,000 TEU in two weeks amid depressed freight rates. What is more, more carriers are expected to layup tonnage […]

  • 26 May 2015

     Metocean Services International (MSI) has established a new company based in Maputo, Mozambique. Sondamar LDA, the third company in the MSI stable, has been officially registered in Mozambique to support clients in the oil and gas, port and harbour development and coastal engineering industries. The name “Sondamar” directly translates to “Survey of the Sea” and reflects […]

  • 11 August 2016
    Business & Finance

    Excess shipyard capacity and a slowing but still considerable orderbook are the negative factors overhanging brighter prospects for shipping demand growth, according to Maritime Strategies International (MSI). MSI has forecast a structural change to future shipping cycles, “with shorter, sharper cycles with any bull run culled by the relative rapid delivery of legions of ships via the […]

  • 16 January 2017

    The welcome surge in dry bulk market’s spot earnings at the end of 2016 is unlikely to last long into 2017, according to Maritime Strategies International (MSI), which predicts a depressed year for rates. While iron ore trade undershot its expectations, coal trade overshot them with geographical imbalances playing a key role. However, MSI believes the short term […]

  • 15 August 2012
    Business & Finance

    MSI has recently completed a 7 month project for Heerema Marine Contractors Australia Pty Ltd (HMC), in connection with Woodside Energy Ltd’s North Rankin (NRB) development  located 135km, north-west of Karratha, offshore Australia. Intital involvement of MSI involved the provision of personnel to operate HMC equipment onboard the SSCV Hermod for the jacket installation in […]

  • 5 September 2011
    Business & Finance, Equipment

    MSI announced that it has successfully completed mobilisation of a current mooring, as well as a metocean buoy, for Maersk Oil Angola in Block 16 offshore Angola in approximately 1,200m water depth. The primary objective of the project is to collect site specific current, wave and meteorological data through the entire water column in sufficient […]

  • 16 February 2017

    Although the bulk carrier markets began 2017 in reasonably robust form, Maritime Strategies International (MSI) has forecast weak forward prospects for the dry bulk sector due to a combination of volatile trade conditions and political policy. Future earnings in the bulker market will partly be influenced by events beyond the control of shipowners, according to […]

  • 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 fleet orderbook into closer balance with an improving demand picture. However, shipyards remain underemployed and must still fight for survival, according to independent research and consultancy firm Maritime […]

  • 9 July 2014
    Business & Finance

    L-3 Marine Systems International (L-3 MSI) announced today the promotion of Armin Groth and Maik Stoevhase to managing directors of its L-3 SAM Electronics business. As managing directors, Mr. Groth and Mr. Stoevhase report to Ulrich Weinreuter, president of L-3 MSI. “Armin and Maik are strategic leaders and in their new roles provide even greater […]

  • 28 February 2017

    The containership sector has started 2017 in a positive mood, with each of the industry’s drivers – demand, supply and earnings – in a healthy shape. Maritime Strategies International (MSI) expects the sector to move into the next quarter with a reinforcement of this encouraging trend. In terms of demand, MSI said that the global economy is […]

  • 18 August 2016
    Business & Finance

    The dry bulk markets are expected to see a fourth quarter bounce in chartering activity for both the Capesize and Panamax sectors,driven by improving iron ore, coal and grain trades, but the effects may be limited, according to Maritime Strategies International (MSI). MSI said that it sees positive signs beyond the traditional summer lull in chartering activity […]

  • 22 August 2016
    Business & Finance

    Current conditions in the Very Large Crude Carrier (VLCC) freight market are not entirely attributed to seasonality, according to Maritime Strategies International (MSI), instead, MSI says dynamics reflect lower rates of crude import growth across the year combined with reduced waiting times and much higher deliveries. The impact of much higher fleet growth this year is […]

  • 24 February 2015

    The Singapore government has set forth measures aimed at strengthening the competitiveness of its maritime sector in its new state budget for 2015, released on Monday by the country’s Finance Ministry. The measures include extending and enhancing the Maritime Sector Incentive (MSI) thus offering a wider scope of tax benefits to ship operators, maritime lessors and […]

  • 29 May 2015
    Business & Finance

    Wärtsilä Corporation announces that its acquisition of the Germany based L-3 Marine Systems International (MSI) has been finalised and control of the company will be transferred to Wärtsilä with effect from 1stJune 2015. In December 2014, Wärtsilä announced that agreement had been reached to acquire MSI from NYSE-listed L-3 Communications Holdings Inc. using financing from […]

  • 28 December 2016

    After a year of tumultuous political and policy upheaval, both oil and tanker markets are undergoing a process of rebalancing, according to Maritime Strategies International (MSI). The fourth quarter of 2016 is capping what has been a mixed 12 months for the tanker markets, while the agreement by OPEC members and non-members alike to cut production […]

  • 29 September 2016

    Despite being beset with technical challenges and shipowners opposition, the implementation of the IMO Ballast Water Management Convention (BWMC) might provide the basis for a dry market recovery, according to Maritime Strategies International (MSI) Following the regulation’s entry into force on September 8, 2017, all affected ships will be required to install a ballast water treatment […]

  • 11 July 2016
    Business & Finance

    The UK Brexit vote will have far-reaching effects on the container shipping market, despite the country’s relatively minor role in global trades, according to Maritime Strategies International (MSI). An analysis of the impact of the UK Brexit vote on the container shipping sector found that amid the short term political and economic uncertainty, the downside risks […]

  • 19 October 2017
    Business & Finance

    A high level of disruption from the hurricane season is causing short-term volatility in Atlantic markets but the recent rally is supported by stronger fundamentals, Maritime Strategies International (MSI) said. Oil demand growth has been out-performing expectations, with the US International Energy Agency’s (IEA) most recent estimate for global growth this year at 1.7%, supported by […]

  • 28 March 2017

    Following the first quarter of 2017 optimism seen in the containership industry, as well as the sentiment shift in the markets, the industry could be heading to healthier rates with earnings following the course, according to Maritime Strategies International (MSI). Freight rate improvements have recently moved liner operators toward profitability, whilst charter owners are seeing […]

  • 23 March 2020

    Only 1 dry bulk vessel of the planned 24 newbuildings was delivered by Chinese shipbuilders in February 2020.

  • 16 December 2014
    Business & Finance

    Finnish Wärtsilä Corporation is to acquire L-3 Marine Systems International from L-3 Communications Holdings Inc., in a transaction valued at EUR 285 million (USD 358m). The value of the deal is subject to customary adjustments including an estimated reduction of EUR 60 million (USD 75.3m) for L-3 MSI employee pension-related liabilities to be assumed by Wärtsilä Corporation. […]

  • 22 February 2016

    There have been some ‘flickers of improvement’ in February in the container shipping industry after an opening to the year which saw 1.3m teu of capacity idle, freight rates struggling and the charter market on its knees, Maritime Strategies International reports. Having suffered a torrid end to 2015, liner companies finally managed to produce some upwards […]