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Why add tonnage in these bad times?
The industry must face this question at the Maritime Week conference, amid waning confidence, falling oil prices, geopolitical tension and uncertain global growth prospects
Add BT as a preferred sourcePublished Wed, Apr 15, 2015 · 09:50 PM
Next week's Singapore Maritime Week 2015 comes as the industry sails through numerous squalls. Confidence in the industry, as noted in last week's column, has dipped.
Meanwhile the offshore sector, so recently in boom mode, is having to face up to the realities of "cheap" oil.
Falling oil prices, heightened geopolitical tensions and sluggish, uncertain growth in the global economy are already having a direct impact on the maritime industry - the conclusion of the Norwegian Shipowners' Association (NSA) Outlook Report for 2015.
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