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The Shipping Market in 2010 and Looking Forward

06 January 2011

Global economy: Weak recovery sets the scene2010 was a remarkable year for shipping, strengthening the recovery that started with improved overall volumes in the second half of 2009 and ending with concerns in practically all segments. We are now in the early days of 2011 with a global recovery losing momentum as the macroeconomic drivers behind the economic recovery, such as giant stimulus packages, are being phased out and traditional concerns about inflation, deflation and economic overheating are challenging national and international economists.

Container Shipping

28 October 2009

An ”L-shaped” market in the making? Demand: The overall sluggish demand picture has resulted in slow steaming and idle capacity equal to 550 vessels comprising 10% of current trading fleet or 1.3 million TEU.