The shipping industry should be confident about near term prospect on the back of a positive macro environment, but the medium to long term future may present some concerns, according to Andreas Sohmen-Pao, chairman of BW Group and chairman of the Singapore Maritime Foundation (SMF).

Union of Greek Shipowners leader, Theodore Veniamis is confident, “2018 looks like being a year in which all shipping sectors will be able to return to growth and profitability”.