The perils of mistaking market weather for long-term climate change
The immediate mid-year forecast for shipping’s core sectors predicts cloudy conditions in containers and dry bulk, but tankers enjoying a historic period in the sun. However, the longer-term outlook requires a complete rethink about how the industry is considering market plays
Having the right ships at the right price at the right time — and, crucially, being in a position to take advantage of these rare market opportunities — was traditionally how magnates were made; but longer-term thinking is now required from business models facing extinction