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| 1 |
ID:
124013
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| Publication |
2012.
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| Summary/Abstract |
The global maritime sector could have done without the year 2009. Such is the view of those associated with the business of shipping. I and many other analysts had forecast considerable chaos last year, and the markets lived up to that sad prediction, especially in container shipping and car carriers, two sectors that cater primarily to the transportation of manufactured goods. Shipping journals were rife with stories of bankruptcies and buyouts, some of which were true, others wild speculation. The carriers in deepest trouble included revered names such as Hapag-Lloyd, CMA CGM, and Zim - even DP World, the parent company of Dubai Ports, the global-terminal operator that during the past decade grew meteorically.
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| 2 |
ID:
183556
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| 3 |
ID:
071210
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| 4 |
ID:
130775
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| Publication |
2014.
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| Summary/Abstract |
The year 2013 will go down in maritime annals as one of extraordinary contradictions, with optimism finally dislodging the melancholic recent past. This is not to imply that the maritime sector is on tranquil waters or that we are on another upswing toward record profitability similar to a decade ago. On the contrary, the recovery is still very tenuous; in fact, the highly visible container shipping market worsened last year. However, the aura of a change in the overall market trend and confidence became very noticeable toward the last quarter of 2013. And, after a gap of several decades, there are even harbingers of a domestic maritime renaissance, driven by unprecedented developments in the energy secto
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