Danish Ship Finance established its research department in the early 2000s to develop a deeper understanding of the evolving global economy and its impact on the shipping industry. Our research combines global macroeconomics with technological innovation and the aim is to gain better insights into the dynamics that are shaping the outlook for the shipping industry.
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Our Shipping Market Review intends to provide a unique perspective on the shipping industry’s most significant long-term trends. To establish a reference point, we also address recent events and the short-term outlook.
In the latest report, we continue to explore the theme of falling utilisation of fleets as owners take delivery of vessels in increasingly competitive environments. Freight rates have been falling across the board and are low in most segments. Secondhand prices are under pressure from both lower earnings and a shorter expected economic life time of vessels. Demolition activity has been stepped up, and vessels are increasingly being scrapped prematurely, since few fleets have many old candidates left. Key to more permanent improvements is a continuation of the current low levels of ordering.
Disclaimer: "This report is provided to you for information purposes only. Danish Ship Finance will not be responsible for the consequences of reliance upon any opinion or statement contained in this report".