Outlook 2017

The end of one year and the start of another is always a time for reflection. 2016 has been a seismic year in shipping. From the fallout from the bankruptcy of South Korea’s Hanjin Shipping in September to unexpected election outcomes in the United Kingdom and more recently, the United States. The Fairplay team has been assessing the highs and lows of the past 12 months and offers you a sector-by-sector view on what they may herald for shipping in 2017.

News & Analysis

Dieter Berg, president of the International Union of Marine Insurance.
09 Jan 2017
Global financial slowing is driving a rise in geopolitical risk and protectionism that squeezes marine insurers, says International Union of Marine Insurance (IUMI) president Dieter Berg
Image of product tanker.
01 Jan 2017
After a choppy albeit not disastrous 2016, the product tanker sector is set to regain at least some ground this year, although the upside may be moderate.
Container ship CMA CGM Kerguelen
30 Dec 2016
Given the huge backlog of idle and unfixed tonnage, more orderbook unwinding, and unexciting trade growth, non-operating shipowners are bracing themselves for another year of flat rates – and growing financial losses.
Russian oil minister Alexander Novak and Saudi oil minister Khalid Al-Falih
29 Dec 2016
Intentional reductions in global crude output combined with ongoing newbuild deliveries should curb tanker freight rates in 2017.
29 Dec 2016
Fierce competition, weak freight rates, and infrastructure shortcomings at many ports across the Asia region are making life difficult for ocean liners operating intra-Asia, the world’s largest container trade.
28 Dec 2016
South Asian ports will continue to witness a wave of Chinese funding in 2017 as the country seeks influence through its One Belt One Road initiative

Commentary

Over the course of 2017, we will see how Trump plays out for shipping. So far, the cards seem to be stacking up in the industry’s favour.

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