信德海事网-专业海事信息咨询服务平台 登录 | 注册 [ 设为首页 ] [ 加入收藏 ] 中文版 ENGLISH WeChat Mobile --> --> ENGLISH   >   PEOPLE --> MSI's Adam Kent: The Structural Shifts Redefining Global Shipping Markets 2025-12-10 10:15 By： xinde marine news 分享： --> --> --> 评论 --> --> At the Xinde Marine Forum, Dr Adam Kent, Managing Director of Maritime Strategies International (MSI), delivered a data-rich and forward-looking keynote that combined market analytics with deeper structural insights from MSI’s latest research. Drawing on his on-site presentation deck, Kent argued that shipping is no longer driven by traditional boom-and-bust cycles, but by a set of slower, more powerful forces reshaping supply, demand, efficiency and fleet renewal. What follows is an integrated summary of his core messages.   Asset Prices Are Normalizing from Extreme Highs, Not Crashing Kent began by addressing the current correction in vessel values and charter rates. MSI’s models show broad softening across LNG carriers, tankers, bulkers and container vessels, especially at shorter time-charter durations. Yet, this decline does not indicate a collapse.   Using MSI’s benchmark (5-year-old vessel, 60% LTV, 7% interest), most segments remain above breakeven, still generating positive cashflow. The industry is instead experiencing a shift from the exceptional post-pandemic highs toward more rational pricing. Kent cautioned that risk is asymmetric: the correction will not affect all segments equally, and investors must distinguish cyclical retreat from structural weakening. Global Trade Growth Has Slowed—But New Structural Drivers Are Emerging MSI expects global seaborne trade to expand only 1–2% annually, a sharp contrast to the 4–5% growth of earlier decades.   Kent attributes this slowdown to supply chain re-regionalisation, manufacturing relocation, lower elasticity in traditional commodities and changing consumer patterns. However, the market still offers pockets of strong growth. Foreca