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Norske Veritas: 2,000 new ships entering market each year

Even though the supply of tonnage is too high at the moment, a high level of economic growth in several markets for the years to come will result in 2,000 ships entering the market each year.

Photo: Hanjin

Det Norske Veritas (DNV) expects that shipping will grow by 6 percent each year until 2016 a newly published report on the outlook for the global shipping market in 2020.

First and foremost, the development will be supported by the financial progress in Brazil, Russia, China, Korea, Turkey, Indonesia and Mexico which is expected to be at around 30 per capita until 2015. All things considered, the financial centre will be moving for the years to come as DNV expects that 40 percent of the financial activity will take place in Asia by 2020.

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