Weakening Turkish lira and tariffs from US to have limited impact on global shipping demand
The ongoing weakness in the Turkish economy and corresponding depreciation in the lira is making the country’s imports expensive. Turkey is also facing a trade tussle with the US. So what are the prospects for Turkish external trade and the shipping industry?
26 Jun 2018: Trump and Kim’s forging alliance could hit dry bulk recovery
While a growing proximity between US President Trump and North Korean Dictator Kim is important to deescalate political tension in the Pacific, their alliance could potentially leave 29 Panamaxes unemployed, while providing employment to only 11 Supramaxes.20 Jun 2018: A divided market
Eco-ships will be able to bargain a considerable premium over their vintage counterparts in the wake of higher bunker prices, resulting in a two-tier market. Post-2020, we expect steep LSFO/ MGO prices, coupled with cheaper HFO prices to lead to a three-tier structure.
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