Last year turned out to be one of the most challenging for shipping, with the downturn striking most industry segments.
The main driver of the ongoing crisis is the overinvestment in assets combined with slow growth in demand stemming from declining world trade and lower oil prices.
There’s no shying away from the fact that 2016 was also a difficult year for shipmanagers, as challenging times for owners of course quickly translates into challenging times for managers.
