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Shipping in the initial phases of solid super cycle, execs say

Shipping is in the middle of or just in the beginning of a possibly long-term super cycle, according to several execs in the industry. The upturn of 2021, they say, is stronger and more solid than the one leading to the collapse in 2010.

It wouldn't be inaccurate to consider the current upturn in the container segment a "historical cycle", says MPC Container Ships' CEO Constantin Baack. | Photo: PR-FOTO

The global shipping industry is currently undergoing a super cycle that is possibly stronger and more grounded than the upturn seen a few years after the turn of the millenium.

This was the announcement from several prominent shipping execs at the Capital Links conference Monday evening during London International Shipping Week.

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