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Danish Ship Finance projects bleak future for shipping

Looking ahead to 2030, the global shipping industry is perched on the threshold of a structural downturn in seaborne cargo across all sectors, predicts Danish Ship Finance. 

In its new half yearly analysis, Danish Ship Finance paints a grim picture of the international shipping industry ahead of 2030 for its three most important sectors - container, bulk and tank.

The report states that local and regional technological innovation combined with a shift from fossil fuels towards renewable energies may reduce the volume of cargo at sea and the need for sea freight in the future. At the same time, shipowners can no longer make a direct link between growth in the world economy and growth in their freight volumes, as China's development is strong evidence of the shift towards a service-oriented economy.   

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