Market monitor 2013: Ouercapacity in the world fleet

摘要

The maritime sector has been hit hard in recent years. Increasing costs and decreasing earnings have squeezed cash flows, and continue to do so. Since 2008, the world fleet has grown by 37%, whilst world demand volumes increased only 9%. As a result, the already existing overcapacity in the shipping market has been growing, instead of declining. The combination of high supply and low demand leads to low charter rates and declining asset values. Bloem Doze Nienhuis views the challenges that face seagoing shipping in 2013.