The Covid-19 pandemic, followed by Russia’s invasion of Ukraine, has had a dramatic, and ongoing, impact on the global shipping industry. The containership market reached record highs, generating unprecedented returns – but the bonanza is over.
While one sector collapses, others are booming. The tanker market has sprung to life with the impact of Russia’s war on Ukraine fundamentally reshaping global trade routes; meanwhile, liquefied natural gas (LNG) carriers are the hottest ticket in town as...