The shipping industry went through a number of changes in 2017, much for the better, but a cautious approach is still needed for 2018 to maintain the progress already achieved, BIMCO said.
Economic growth has accelerated in Europe, Asia and the Americas since mid-2016, and the global GDP growth rate is now set to raise slightly in 2018 to reach 3.7%, up from 3.6% in 2017.
In 2018, the dry bulk sector is likely to improve the fundamental market balance further, if operational speeds do not increase.
