The year 2018 paves the way for growth for all the major economic blocs of the world that are America, Asia, and Europe. The large debt that has held back the economic recovery of several countries since the recession of 2008 still leaves some traces but the situation is now considered less problematic beacause of favorable global financial environment and recovery in advanced countries. The table below shows the evolution of global growth by block size since 2016. It also presents the forecasts of the World Bank and the International Monetary … Lire la suite
As 2016, three trends will describe maritime industry in 2017: 1-an increased volatility of demand 2- a sustained but uneven global recovery 3- a restructuring of the maritime supply. This text presents an analysis of these trends.
1- An increased volatility of demand
1.1 New external factors
Variability of the risk makes demand for transport less predictable. In 2016, several factors triggered this instability, including fluctuations of exchange rates, slowdown of Chinese economy, lower oil prices and difficulties of the European economy.
In 2017, recovering of American and European economies is well engaged. Despite a slight slowdown of the … Lire la suite
On June 15 in Detroit, Michigan, United States governors and premiers of Canadian provinces made public the first “regional strategy” designed to increase shipping in the Great Lakes and St. Lawrence river. This strategy proposes an integrated vision of the maritime system of the Great Lakes and St. Lawrence and calls for better coordination of decisions between different jurisdictions and cooperation.
It plan to double marine trade, reduce the environmental footprint of the transport network in the region and support its industrial core. The strategy is expected to boost the regional economy by 5 000 billion … Lire la suite
At the beginning of 2016, the world economy is unsettled. Stock markets are volatile and investors are worried.
Since recession of 2008, the maritime industry has had to restructure. A period of uncertainty and instability triggered by the rise of the U.S. dollar, slowing Chinese economy, collapse of oil prices, slowdown of the European economy and political uncertainties has ensued.
This analysis illustrates that the trends of the shipping industry are positive and encouraging. They predict that growth will remain higher than that of the world economy and will still continue and business opportunities will continue to present … Lire la suite