Shipping industry forcast for 2017

1. 2017 FORECAST OF
SHIPPING COMPANIES
Students:
Anaid Chica
Annelys Flores
GRADE: 10 Lecturer: Max Galarza

2. Drewry
• In particular, the oversupply situation, which has dogged this sector
for many years, is expected to level out in the medium
term,” comments Susan Oatway, lead analyst for multipurpose
shipping at Drewry.

3. • The oil price will be more expensive these year which increases the
freight cost.

4. BIMCO
• Analysts with BIMCO forecast lower growth potential for shipping in
coming years, thanks to continued overcapacity and to national
subsidies for shipbuilding activity.
• Government support for any industry – including shipping- which is
feeling the heat of global competition might seem like a good thing.
But direct subsidies from governments in fact have a negative impact
on the global shipping industry as they affect free trade and
undermine the level playing field for businesses.

5. CONCLUSION
• As many forecast said shipping companies will have some obstacles
like the increase of oil which could make people to stop using this
form of transport, but also there are higher expectations that
shipping is going to recover this year because some companies might
leave the market and there are some that have had left already.

6. BIBLIOGRAPHY
• The maritime executive
• The New York Times
• Drewry