Saturday, February 21, 2015

Danish Shipping Report :


"THE SHIPPING INDUSTRY IS FACING GREAT CHALLENGES
AHEAD. ON THE DEMAND SIDE THERE ARE A NUMBER OF SIGNS
INDICATING THAT GLOBALISATION COULD BE NEAR A PEAK. THE
GLOBAL GROWTH SLOWDOWN DOES NOT SEEM TO BE TEMPORAL
BUT STRUCTURAL. IN TIME, THE IMPACT ON SEABORNE
DEMAND VOLUMES AND TRAVEL DISTANCES IS EXPECTED TO BE
PROFOUND. SEVERAL OF THE MAJOR SHIPPING SEGMENTS
COULD SUFFER FROM OVERCAPACITY FOR A LONG TIME. PREMATURE
SCRAPPING IS EXPECTED TO BECOME THE NEW NORM,
AND FREIGHT RATES AND SECONDHAND PRICES MAY STAY LOW
FOR SOME YEARS. INVESTORS PLAYING A SHORT-TERM ASSET
GAME MAY FIND IT DIFFICULT TO EXIT WITH THE EXPECTED
PROFITS."

Some Extracts from the report


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