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In the full year of 2020, global container shipping volumes fell by 1.2% compared with 2019, much less than feared even before the pandemic was first declared, and much recovered compared with the 6.8% drop recorded in the first six months of the year.
Sergey is an Executive Director as well as a co-partner at MABUX: consultancy and information provider for global bunker industry with HQ in Sweden. He began his career as a Sinologist graduated from Moscow Institute of Foreign Languages and from Shandong University in P.R.China. Before taking up his positon at MABUX Sergey headed Far Eastern Branches of Companies from Republic of Korea (ships repair and agency service) and Sweden (global fishing) and was a co-founder and a Member of the Board of Istok Group Companies engaged in fishing and marine transportation (own fleet) in the Far-East. He currently resides in Sweden.
Overcapacity remains in the sector, where fleet growth is extremely uneven.
The dry bulk market has been devastating so far in 2015. However, June has somehow reversed it all in less than three weeks if judged by the Baltic Dry Index (BDI).
Two key trading lanes attract attention these days: one being the major battlefield today – the other being the potential battlefield of tomorrow.