Bimco: Low growth rates are the new normal in the industry
In the future, we will see the effects of China becoming a more closed economy driven more by domestic demand than by foreign demand, says shipping analyst Peter Sand of Bimco.
BY RITZAU FINANS
High growth rates are a thing of the past, and this means that there is a new normal in the shipping industry, writes analyst agency Bimco, which uses the 7 percent growth in the Chinese economy in the first quarter 2015 as a point of departure.
The EU’s import ban on Russian oil will create ”imbalance” and ”spikes” in the bunker market, with disruptions seen lasting for ”at least the whole of 2023,” says Anders Grønborg, new chief exec of KPI Oceanconnect.