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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In the drama surrounding the merger between tanker majors Euronav and Frontline, one of the arguments from Euronav’s biggest shareholder, the Saverys family, is that the merger will pull Euronav in the wrong direction on the green agenda. Euronav tells ShippingWatch that the company rejects this criticism.