Carriers

Shipping in a safe position despite shaky world economy

Container carriers are facing a couple of difficult years, but otherwise the shipping industry looks set to do well despite dark clouds over the world economy, according to shipping analyst. ”Right now, most companies are making a lot of money.”
”Many of the carriers are very well-capitalized right now. They can endure declining rates without any real consequences,” states Christopher Rex from Danish Ship Finance. | Photo: PR / Danmarks Skibskredit/Connecticut Maritime Association
”Many of the carriers are very well-capitalized right now. They can endure declining rates without any real consequences,” states Christopher Rex from Danish Ship Finance. | Photo: PR / Danmarks Skibskredit/Connecticut Maritime Association
by JENS THOMSEN

Although the world economy is threatened by Covid-19, inflation, supply chain bottlenecks, and war in Ukraine, the outlook for the shipping industry seems quite promising for the next year, according to Christopher Rex, shipping economist and chief analyst at Danish Ship Finance.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs