Dr Adam Kent, managing director of UK consultants Maritime Strategies International (MSI), kicked off this year’s Maritime CEO Forum in Hong Kong with a quickfire Q&A session in which he picked out larger, stainless steel chemical tankers as among the ships likely to appreciate most in the next two years.
On China, Kent was bullish on growing ton/mile demand for tankers he was less optimistic on the dry bulk side where he saw a slowdown in Chinese imports in the coming years.
Kent called the bottom of the tanker sector, albeit it was likely to “bumble” along the bottom for a while.
“On the tanker side, we will be stay at the bottom for a while. We have seen the crude tanker one-year TC rate start to climb up which shows positivity,” Kent said, noting how the VLCC sector this year will see negative fleet growth for the first time since 2002.
On scrubbers, a topic that featured prominently througout today’s forum, Kent said owners should either install them from day one, if they are confident there will be a difference of fuel prices, or for the more cautious wait three or four years to let the dust settle as he said there’s still a few issues with the technology.
Splash will be carrying reports from the Maritime CEO Forum all week.