Wärtsilä Corp has downgraded the demand outlook for its marine business as scrubber orders slow and on concerns about overall newbuilding demand.
The global container shipping market is expected to stay on a recovery course this year with demand growth predicted to outpace supply growth, according to Yang Ming Marine Transport Corp chairman Bronson Hsieh.
Pacific Basin Shipping (PacBasin) is seeing better times as the year goes by. Despite a seasonal mid-year decline, which affected index rates in the third quarter, stronger demand growth across most cargo categories drove a marked increase in rates over the last few weeks of the quarter, the Hong Kong-based minor bulks specialist said in a press release on its third quarter update.
Demand for coal from China is likely to remain the key uncertainty for dry bulk shipping in 2017 according to the Singapore Exchange (SGX).
Recovery in the LNG carrier market begins now and he is "cautiously optimistic" for the future, according to Standard Chartered shipping finance head Nigel Anton speaking at the Asian Logistics and Maritime Conference in Hong Kong.
Last week analysts from Evercore ISI explained why China is still the epicentre for the shipping markets looking at both the dry bulk and tanker sectors.
The dry bulk shipping market needs to restructure before making a real recovery in 2018.