Paying to Play

While the relative strengths of the leading world economies will be the ultimate driver of sustained trade growth, it is the relative strength of currencies which are being discussed as potential drivers of the tanker asset market in the near term. Debate surrounding currency pressures have become a topic of increasing significance between the United States and China. Shipbuilding in particular finds itself at the forefront of this entanglement in countries like South Korea, where businesses must regularly manage the inflow of foreign currency with the domestic outflow. Download here