Danish Ship Finance’s Shipping Market Review 2020

Danish Ship Finance has released its latest shipping market review. The 69-slide presentation, led by Christopher Rex, has a strong focus on the industry’s pathway to zero carbon vessels, says an article of Splash247.

On the markets, the Danish analysts are especially bearish on next year’s prospects for tankers and LPG carriers, and remain concerned for the livelihoods of many of today’s struggling shipyards.

Facts in Report

Key data in the report include the facts that average secondhand prices...

https://mfame.guru/danish-ship-finances-shipping-market-review-2020/

How Badly Will Shipping Be Battered As COVID-19 Progresses?

  • Most shipping sectors will see more than 200 closures in the coming months and years.
  • Half of the active yards have not seen any new orders since 2018
  • Since 2013, more than 240 yards have left the industry.
  • Reshoring of industries post-coronavirus could be fatal for many liners.
  • Demolition activity is likely to increase and reduce the economic lifetimes of vessels.
  • Capesize vessels with low fuel efficiency are the most exposed to unemployment.
  • Product tanker demand will shrink by 1m to 2m...

https://mfame.guru/how-badly-will-shipping-be-battered-as-covid-19-progresses/

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