ShippingWatch

Bimco lowers expectations for shipping

Poor economic key figures from many countries during the past weeks are making the international maritime organization lower its optimism when Bimco publishes its shipping market outlook next week. But Chief Analyst Peter Sand believes in new Chinese growth package.

International maritime organization Bimco has to lower its otherwise fairly positive expectations of two months ago for the development of the global economy, when the organization publishes its Shipping Market Overview and Outlook 2012-13 next week.

“What we wrote a few months ago was probably the most positive thing we have written in the last three years. But unfortunately, our optimism has been tainted a bit these past weeks by the economic key figures that are coming in from pretty much the whole world. In the United States they expected strong key figures for the first quarter of 2012, but they have been downgraded and are now poor. New jobs are being created in the U.S., but it is happening way too slowly,” Peter Sand, Chief Analyst at  Bimco, says to ShippingWatch.

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