Even though ship asset values plummeted during the crisis, forcing many carriers to perform massive impairments on their fleets, the coming years could prove to be equally horrifying in several segments, including dry bulk and product tanker.
Danish Ship Finance's latest Shipping Market Review draws a decidedly bleak picture of developments in the global shipping industry over the next 2-3 years, where the combination of far too many newbuildings and continuing low freight rates result in an almost unprecedented poisonous cocktail.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Sky-high gas prices put economic pressure on carriers with LNG-powered ships
The price difference on LNG and heavy fuel is historically high, adding pressure on carriers which have banked on LNG as a marine fuel, says analyst. CMA CGM and Hapag-Lloyd have chosen two different approaches with their dual-fuel fleets.
Stolt-Nielsen pushes on for consolidation – ups its stake in Odfjell
Stolt-Nielsen is still keen on consolidating with rival Odfjell and has acquired additional shares in the main competitor. Odfjell has so far declined the proposition.
Price of Maersk's new methanol ships drops
Maersk has just ordered six new methanol-powered container ships and now reveals that the added cost of building green ships compared to conventional ones is decreasing. Economies of scale, says equity analyst.
Port staff in Felixstowe working again – but wage conflict far from over
The wage dispute between employer and employees in UK port Felixstowe is far from resolved, and this could lead to new strikes in the country’s largest container port.
Esvagt pursues Taiwanese offshore wind
The Danish offshore service operator has located a possible partner on the island as a part of high hopes for the local offshore wind market. If successful, Esvagt could be ready to service wind at sea in the far east in a few years.
Managing Director - Europe 
IT Specialist 
Purchase & Logistics Manager based in Copenhagen 
Technical Superintendent 
Fleet Manager 
Freight and Logistics Officer 
Student Assistant for Program Management 
Experienced People & Culture Business Partner for the offshore wind industry