Page No. 29 - 39: 2018 World Maritime Review

Abstract

Is world shipping finally out of its decade-long melancholy? That appears to be the case at least in spirit although individual major markets continue to bleed from their prolonged downturn. Perhaps the industry can have a collective sigh of relief on overcoming the worst and reassure themselves that there are clear sightings of a silver lining. And, may be, this might be that long- elusive stabilizing year during which optimism prevails in all markets not solely in spirits but also in realized market outcomes. But then, so were the Sisyphean attempts at rolling the great boulder to the top of the mountain!