Shipping analysts seem unmoved about a global trade meltdown
The industry’s mandated fuel upgrade could be bullish for a few reasons; several thousand ships are to be fitted with scrubbers to allow them to keep burning today’s cheaper product
London — Who cares about the threat of a global trade meltdown? Not shipping analysts tracking prices for moving everything from oil to crops, it seems.
Across every type oil, gas, coal, iron ore and grain-carrying vessel, industry analysts surveyed by Bloomberg are expecting the rates ships earn to jump sharply next year.