ShippingWatch

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

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.

Especially the tanker and dry bulk segments look set for a thriving period, whereas container lines may be hit by falling demand and an upcoming fleet expansion next year or in 2024, Rex points out.

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