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Bimco: 2013 will be a global turning point

2013 will be the year in which the global economy gets better, writes Bimco in a new report that maps out the prospects for the shipping companies in the new year. In spite of improved conditions for the global economy, the shipping companies still have a long way to go.

Photo: Teekay

The global economy as a whole will improve a great deal in 2013. But that will not change things significantly for the shipping industry, writes Bimco in the new publication "Reflections 2013."

"Against the background of a world economy struggling out of the financial crisis, positive global growth of both GDP and world trade at 3.6 percent and 4.5 percent respectively encourages BIMCO to suggest that 2013 will be the turning point in macroeconomic terms," writes Bimco, adding:

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