A Macro Look at Shipping in a World of Geopolitical Turmoil

gCaptain ^ | April 10, 2015 | Rob Almeida

[artichokegrower]

Sturla Henriksen, CEO of the Norwegian Shipowners’ Association paints a not-so-rosy picture in his association’s 2015 Outlook Report released today. Heightened global geopolitical turmoil, income inequality, climate change and economic protectionism have all resulted in a world with a far less certain future.

[artichokegrower]

With the exception of the United States which has been buoyed by the shale boom, “there is little drive in the major growth economies, and down-side risk dominates the outlook,”

Something Obama fought against and now is taking credit for.

[Jeff Chandler]

income inequality, climate change

[Pontiac]

If you only pay attention to the MSM you are going to believe that crap.

[artichokegrower]

He’s Norwegian so he has to throw those talking points in there but he is admitting that Norway’s nanny state may be coming to an end.

[phormer phrog phlyer]

With oil and gas prices below break even in most cases, the shale boom is essentially over, not to have much of a return for at least 2 years minimum. This horse is done.

[Georgia Girl 2]

Just keep your eye on the BDI. That will tell you everything you need to know about the world economy.

[Oatka]

Just keep your eye on the BDI. That will tell you everything you need to know about the world economy.

Ain't been lookin' good for some time, and now hitting new lows (This Summer of Recovery will reverse that though (cough).):