Tanker Gloom Continues, but Room for Optimism

As the Holiday Season nears its crescendo, the approaching new year has provided its usual litany of annual reviews and next year outlooks, including those offering potential surprises for the new year.  Often thought-provoking and sometimes amusing, these lists of “surprises” suggest potential outcomes that deviate from the mainstream consensus.  Still, for a shipping industry that regularly faces triple-digit revenue volatility from extreme sensitivity to macro-economic growth, geopolitical developments and even weather events, the idea of a list of surprises seems almost whimsical.  Indeed, an unusual year for the shipping industry would be one in which something surprising and volatile did not occur. Download here