ShippingWatch

Martin Stopford: The shipping recovery is postponed to 2015

One of the of world’s leading economists in shipping, Clarksons President Martin Stopford, is postponing his predictions for general recovery in shipping to 2015. ShippingWatch interviewed Stopford.

Martin Stopford has followed the shipping market’s ups and downs for decades. During the last 22 years, Stopford has been employed by the world’s largest shipping broker, London’s Clarksons, in which he has held various executive positions. Today, he holds the position of non-executive president. Stopford has definitely learned the lesson that the shipping market is cyclical and that a downturn is followed by a recovery.

Consequently, many people pay close attention when Martin Stopford outlines the prospects for the market. Previously, Stopford believed that the shipping market would see a recovery in 2014, but that is no longer his opinion. The global growth is quite simply too weak to secure enough cargoes and containers to the growing fleet.

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