Palm & Veg Report, November 2017
The two most commonly used words in the shipping market at the moment are 'let's hope'.
Global freight markets are broadly unchanged from a month ago; miserable in the West, better in the East. A numbers of owners, particularly those operating in the dry and chemical tanker sectors are a little more optimistic about the future, although the spot markets are still littered with landmines. Improvements in global trade growth, firming freight rates, especially in the dry bulk sectors, and a reduced order book seem to be raising confidence across the industry as a whole. The million dollar question is when can the industry convert some of this renewed optimist into results?