Winds of Change: Can the shipping markets recover from the coronavirus chaos?

Published July 2020

With the seaborne sector responsible for 90% of global trade, a tentative recovery from the pandemic has brought changing fortunes for seafarers. Tanker markets have seen freight rates plunge after an end to the recent floating storage boom, while rates in the container markets have stayed firm thanks to capacity management. Dry bulk is now turning a corner and the LNG sector is looking for a lifeline. This report looks to dive into what these changing patterns mean for each industry.