January 2016 has been one of the worst in shipping markets since the global banking crisis in 2008.
Dry bulk markets have hit unprecedented lows, dozens of high-tech offshore vessels are off-hire and unlikely to win any new work soon, boxships are struggling to break even and even tankers are struggling to maintain bumper rates despite high utilisation. It feels like a perfect winter storm destined to wreak havoc through the industry.
Driven
