The Shipping Market Looking Forward
The shipping industry has its work cut out going forward in 2017 as the International Monetary Fund (IMF) forecast the lowest level of global GDP growth since 2009. 2017 is shaping up to be another year of die-hard competition, which now includes tankers. In 2016, the container shipping industry bit the bullet in terms of demolition and consolidation to help the market to recover. The dry bulk sector needs to copy that approach.
GLOBAL ECONOMY: NOT LENDING SHIPPING A HAND
The longer global economic growth remains weak and lacks investment, the lower future growth potential for shipping. For eight years, the world has struggles to cope with huge changes and challenges brought around by the crash of the financial market in 2008. The resulting issues have not always been dealt with in the best way, leaving many large economies still in 'recovery ‘mode.
I already have a Free Member Account
Free Members Account Registration
Please register for a free members account to access all free content.
Once registered, you will not have to re-enter your details to download free papers.
Please note: You will receive an activation code via email. If you do not receive this email straight away, please check your spam folder.
Register for a Full Paid Members Account
Click here to choose from 3 membership packages and access over 1,700 technical papers.
PTI EDITION 73The Automation, Training and Simulation Issue delves deeply into the world of port and terminal operations and its digitalization. Digitalization has myriad benefits and these are not just limited to the productivity gains and environmental efficiency, benefits also mean a revolution in the way we carry out training.