ShippingWatch

PwC: Shipping is in the midst of a tough readjustment

The shipping industry has experienced a rude awakening and has been forced to grow accustomed to a lower market, which has still not bounced back, says partner and leader of PwC’s Transportation & Logistics Group, Bo Schou-Jacobsen, to ShippingWatch following the release of the company’s annual Company Analysis.

Times are still tough in the shipping industry, and it is a propitious moment to move closer together, either through acquisitions or mergers or by entering into close partnerships with other shipowners or customers. A critical volume within the market can prove crucial to the individual companies. This is the assessment made by partner and leader of PwC’s Transportation & Logistics Group, Bo Schou-Jacobsen, to ShippingWatch following the release of the company’s Company Analysis for 2012.

“This is an industry which has been through a tough readjustment period and has still not quite recovered. It is still very, very hard, but a lot of the companies have worked on their capital structures and capital reserves so they are considerably better off now than previously,” says Bo Schou-Jacobsen.

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