ShippingWatch

Analysts hope Santa Claus can help the shipping industry

The brokering- and analysis agency Intermodal concludes that getting the shipping industry out of the current crisis will require self-help and good luck from Santa Claus.

In a new analysis, Intermodal compares the current shipping crisis, which is heavily influenced by the general economic crisis, to the crisis in the 1930 in the United States and Europe. The same problems prevail, even though 80 years have passed.

"This may well seem like a repeat of the 80’s crisis, as mentioned countless times in conferences, articles and polite conversations, however it has more of the taste and feel of the 1930’s, which was a combined battle between a fleet oversupply that had amassed from the optimism of the roaring 20’s (70mill GT) and a recessive global economy brought about by an unprecedented financial collapse," writes Intermodal, adding:

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