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In poor freight markets you might think that vessels were being recycled at a younger and younger age, but looking into the data a different story reveals itself.
BIMCO Shipping KPI has a succesful 2018.
The positive stories continue to show themselves in the container shipping segment, with freight rates holding up well and demolition activity staying strong. In the light of the slowly developing demand side, it’s very positive that the industry deals with the supply side issues to improve the fundamentals.
BIMCO has received a further update on developments in Ukraine which are provided below together with a renewed call to respond to the survey.