ShippingWatch has asked three major banks to offer up financial forecasts for the global growth engine, China. We start in New York, where Goldman Sachs has just lowered its expectations for the country’s economy over the next three years. This spells bad news for dry bulk carriers in particular.
BY NIKLAS KRIGSLUND
The global business sphere, the shipping industry and especially the dry bulk industry will need to prepare for several years of moderate growth in China.
A large number of DSV employees have for weeks been living under the hard lockdown of major Chinese city Shanghai. In an interview with ShippingWatch, regional head of air and sea freight Claus Thomsen talks about keeping spirits high amid an uncertain situation.
Industry stakeholders and NGOs describe meetings last week leading up to IMOs climate session in June as a breakthrough for a global CO2 levy considered the single most important tool to decarbonize shipping. ”A huge step forward,” says researcher Tristan Smith.
The long-term lockdown of major city Shanghai has seriously affected land logistics at one of the world trade’s crucial hubs. It will take time to get infrastructure back to normal, predicts DSV regional head to ShippingWatch.