Global Shipping Benchmarking Analysis 2013 ̶ Still Battling the Storm

We are now in the fifth year of our annual Global Shipping Benchmarking Analysis, in which we provide an overview of the factors that impacted the shipping industry in the previous year and analyse how these have been reported by a large number of shipping companies from around the world.

Year 2012 was marked by sluggish economic growth and geopolitical turmoil. The shipping crisis deepened even further and almost all shipping sub-sectors underwent the most challenging market conditions in a long time. Even though the macroeconomic fundamentals for 2013 are expected to show a gradual upturn, performance in the first half of 2013 indicates that downward pressures persist, with only a couple of exceptions that give some cause for optimism.