Global maritime trade is down in 2023, but it has proven remarkably resilient to successive shocks to the system. A proliferation of protectionist obstacles to international trade and investment, however, could prove to be a much bigger barrier — even for shipping’s endless adaptability
The world is living through the most dangerous time since the Cuban missile crisis. Geopolitical tension is keeping everyone awake at night, but there is at least a confidence among our expert panel from BIMCO, Citi, Shell and Cargill that shipping will manage to meet the International Maritime Organization’s goal of net zero emissions sometime around mid-century, probably…
Forget the fundamentals; geopolitics will likely play an outsized role in the tanker markets in 2024
Record grain exports from Brazil and continuing restrictions in the Panama Canal have been buoying up healthy demand
World is living through most dangerous times since Cuban Missile Crisis, claims Citi’s Parker, with political tension keeping Cargill’s Abdalla up at night
Weak seasonal demand during the first quarter of 2024 will be offset by increasing tonne-miles because of reduced capacity in the Panama Canal, while an expansion of propane dehydrogenation plants in China will be driving growth for the LPG sector
Many financiers are going ‘big’ and ‘green’, putting in doubt future funding for smaller owners of older vessels
The International Maritime Organization’s debate on an economic measure to complement its revised greenhouse gas strategy and implementation of the EU’s Emissions Trading System tax will be key subjects to watch in global shipping regulation during 2024
Container shipping is in one of its cyclical downturns; it will need discipline to contain capacity if rates are to recover to profitable levels
Lloyd’s List’s annual outlook poll for 2023 found widespread doubts that the 2030 and 2040 targets can be met, while geopolitics has surpassed fears on the economy as a key risk
Strong newbuilding ordering activity from the dry cargo, gas and vehicle carrier sectors looks set to continue in 2024, while thin orderbooks for crude and product tankers are set to expand
With January 1 and February 20 renewal deadlines looming, and continued conflict in Ukraine and Gaza, war risk premiums will remain high
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