Safe Passage Ahead - Is The Shipping Industry Unsinkable?
Mondaq Business Briefing › Germany Law Articles in English (2010)
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Safe Passage Ahead - Is The Shipping Industry Unsinkable?
A rough year, survived by most
When we published our report Surviving the storm at the German Ship Finance Forum this time last year, it was clear that the industry was confronted by some of the fiercest challenges in its history. Recent years had returned only growth to liners, ship owners, ship builders, ports and other associated parts of a sprawling, global sector. But the world economic collapse hit hard and weakened each link in the shipping supply chain. The reversal in world trade trends (see graph below) had a near-immediate effect on the need for transport ...See the full content of this document
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