A boom in world shipping markets is cooling off, but the sector will still remain strong for years to come, bankers and industry experts say. “They were really exceptional years,” Matthias Umlauf, a senior economist with HSH Nordbank AG, said of 2004 and 2005, when seaborne freight indices across oil and dry commodities trade smashed records. “But compared to the last two years, freight rates have seen a downward correction across the sectors full stop. That’s negative,” he said at an energy shipping and trade conference.
Green Marine
about 20 years ago
Shipping sector will stay firm despite fading boom
A boom in world shipping markets is cooling off, but the sector will still remain strong for years to come, bankers and industry experts say. “They were really exceptional years,” Matthias Umlauf, a senior economist with HSH Nordbank AG, said of 2004 and 2005, when seaborne freight indices across oi
Reach the Offshore Energy industry in one go!
Offshore Energy is read by thousands of professionals every day.
Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our business directory.
Follow Offshore Energy on: