ShippingWatch

Platou Markets: Shipping market will finally recover

Following several tough years, during which carriers either went out of business or were forced to suspend payments, Platou Markets now dares to use the magic words in its Shipping Quarterly: Generally seen, the market will see general improvements before long.

Photo: Hanjin

In its Shipping Quarterly report, published today, Tuesday, major Norwegian shipping analyst agency Platou Markets estimates that the shipping industry will soon face a recovery, and that 2014 looks to be the year it finally happens.

Following the downturn, which began in 2008 and was replaced by a brief rebound for certain ship types in 2010, Platou now refers to a more general recovery, not least fuelled by the fact that the major ship orders from 2005 to 2008 seem to be done and executed.

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