A big picture view is essential to working in the maritime industry, as the peaks and troughs in the market cycle are steep enough to drive out casual investors. Like the nursery rhyme, when times are good, they are very, very good - and when they are bad, they are horrid. We are (hopefully) coming to the end of a rather lean cycle that has seen drastic measures taken to stay afloat: costs have been cut, engines have been optimised, crew has shrunk to the bare minimum and an eagle eye is trained on the fuel consumption monitor.
展开▼
