Shipping moves to a new sustainable market environment

We are entering a new era, the so-called “globalization part 2”, which is characterized by a challenging regulatory framework changes in the pattern of trade and new energy capabilities.  This kind of revolution will create new opportunities.

On the international scene the poor freight market and the difficult financing situation set ship values at very attractive levels and therefore the rich cash companies are able to expand their fleets especially with eco efficient ships. We have to find unconventional solutions to get rid of the crisis. In this gloomy period we have to rethink some things and refresh our course in the shipping market.  It is clear that in the past the financial system was working to support the trade. Today, a certain part of finance does not serve the physical trade at sea.

Full article, ELNAVI, Issue 466, October 2012, Page. 10

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