Increased activity in a number of core areas in 2017 has seen the shipping market temperature rise a little, according to Clarksons Research.
The shipping services provider’s ClarkSea Index, which measures the performance of key volume market sectors, averaged USD 11,816/day since the start of the fourth quarter of 2008, compared to USD 23,667/day between the start of 2000 and the end of the third quarter of 2008.
Aside from earnings, investor appetite for vessel acquisition often added “heat” to the market in the form of investment in newbuild or secondhand tonnage, even at times when earnings have remained challenged.
