11 December 2013
As we are about to call it a day on 2013, we can now look back at a year that we are happy to say good-bye to, as it disappointed us. One year ago, 2013 was proclaimed to be a year with stronger growth than the one we had just left. Today, we are predicting the same thing in 2014, which is estimated to be just as good at 2013 was supposed to be.
11 August 2010
Demand: There is no doubt that the main drivers in dry bulk shipping are beginning to show some muscle; China and perhaps even more so, vessel oversupply in particular in the Capesize segment, is responsible for recent weakness in rates as well as adding doubt to the future.
14 October 2010
Global Economy: WTO says that trade is likely to grow by 13.5% in 2010. This is an upward revision of world trade from the March forecast of 10%. The massive growth comes back-to-back with the 2009 decline of 12.2%, and has to be seen in that perspective. However, the news is positive and definitely helpful for the global economy as it struggles to leave the crisis behind and sustain positive growth going forward.
14 April 2010
Floating storage is coming down on the narrowing of market contango, but persists in playing an important part in tanker demand
16 May 2010
China is firmly back on the growth trend with PMI indices at pre-crisis level showing sustained growth in the manufacturing sector
19 February 2019
The International Monetary Fund (IMF) has revised down its predictions for global growth in 2019 and 2020. It forecasts growth to be 3.5% in 2019 and 3.6% in 2020. This means a dampening of global growth over the next two years, as growth in 2018 is estimated to be 3.7% The slowdown will affect both advanced and emerging economies.
11 June 2019
Economic growth around the world is slowing, and several governments – including Germany, China and South Korea – have announced stimulus packages to boost their economies.
25 November 2019
A continued slowdown in global growth, as well as a lower trade multiplier will reduce overall demand for shipping for the rest of this year and through 2020.
06 May 2016
On 12 April 2016, the International Monetary Fund (IMF) released its updated World Economic Outlook stating that future economic prospects are now so poor that an immediate, proactive response is called for.
14 August 2012
As we approach the fourth anniversary of the start of the global financial and economic crisis the outlook continues to be bleak. The V-shaped recovery is now ancient history and the sustainable growth level that we hoped would settle high continue to show a sideways or even descending trend.