A sustainable upturn for the shipping industry?
That may be so, but senior shipping people also warn of the need to manage issues arising from geopolitics, environmental regulations and technological disruptions
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THERE was a lot of confidence in the air during last week's Singapore Maritime Week. Indeed, according to a panel of senior shipping people, the shipping industry is witnessing a sustainable upturn for the first time in a decade.
However, while reaching that conclusion at the Singapore Shipping Forum, they also warned of the need to manage issues arising from geopolitics, environmental regulations and technological disruptions.
This generally upbeat assessment was shared by Esben Poulsson, chairman of the International Chamber of Shipping and president of the Singapore Shipping Association, when presenting his overview of today's shipping market.
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