Palm & Veg Report, January 2018
This time last year we voiced concerns about the year ahead because the outlook was properly bleak. Well "hey presto" most shipping markets did exactly as we predicted they would, they massively underperformed especially during the first six months of the year! Thankfully a number of markets did manage to perk up during the last quarter of the year, palm in particular, and some of this momentum has even been carried into the New Year. Sadly many other markets are still floundering leaving us with somewhat mixed emotions about how 2018 will unfold. The optimist amongst us believe that 2018 will be a better year than last year and it looks highly unlikely that markets will decline to the lows we witnessed in the second quarter of 2017 but the realists in us also know that it will be a hard slog. So try and remain optimistic and let's focus on the challenges that lie ahead and try and help, not hinder each other, during the next 12 months.