Navios Maritime group head Angeliki Frangou used a company dinner at Greece’s National Gallery to paint a positive picture of the road ahead for shipping.

The chief executive of New York-listed Navios Maritime Holdings and Navios Maritime Partners, which span the bulker, container ship and tanker sectors, said her optimism boils down to one thing: tonne-miles.

She acknowledged that the global geopolitical and macroeconomic backdrop is more uncertain amid a Covid-19 recovery that is still not complete in Asia and the fallout from the “tragic” war in Ukraine.