Date post: | 15-Apr-2017 |
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2017 FORECAST OF SHIPPING COMPANIES
Students:Anaid Chica
Annelys Flores GRADE: 10
Lecturer: Max Galarza
Drewry• In particular, the oversupply situation, which has dogged this sector
for many years, is expected to level out in the medium term,” comments Susan Oatway, lead analyst for multipurpose shipping at Drewry.
• The oil price will be more expensive these year which increases the freight cost.
BIMCO • Analysts with BIMCO forecast lower growth potential for shipping in coming years, thanks to continued overcapacity and to national subsidies for shipbuilding activity. • Government support for any industry – including shipping- which is feeling the heat of global competition might seem like a good thing. But direct subsidies from governments in fact have a negative impact on the global shipping industry as they affect free trade and undermine the level playing field for businesses.
CONCLUSION • As many forecast said shipping companies will have some obstacles like the increase of oil which could make people to stop using this form of transport, but also there are higher expectations that shipping is going to recover this year because some companies might leave the market and there are some that have had left already.
BIBLIOGRAPHY• The maritime executive• The New York Times• Drewry