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Asia continues to power growth in shppingAsia continues to power growth in shpping

Asia is continuing to drive growth in the shipping industry and green shoots of recovery are being seen in sectors such as dry bulk and containers.

Marcus Hand, Editor

April 25, 2017

1 Min Read
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“Despite economic uncertainties and challenges in the maritime industries Asia will continue to drive global shipping for some time to come. Supported by a growing middle class and rising incomes Asia remains the fastest growing region in the world,” Khaw Boon Wan, Coordinating Minister for Infrastructure and Minister of Transport, said at the official opening of Sea Asia 2017.

The growth of the middle class and the resulting boost in demand was also highlighted by Singapore Maritime Foundation charirman Andreas Sohmen-Pao.

“For all the valid concerns about global economic growth and unprecedented number of people are advancing into the middle class from 1.8bn in 2009 to over 3bn in 2015. This improvement for hundreds of millions of people bodes well for continued shipping demand,” he said in his opening speech.

Sohmen-Pao also saw signs of improvements in shipping markets following a lengthy downturn.

“And let us remember cyclical businesses usually go up after going down, already we have seen green shoots of recovery in the dry bulk and container sectors after a prolonged period of weakness,” he said.

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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