Shipping is likely to buck the trend of generally lower growth in economies worldwide, Clarksons Platou Securities believes.

The Norwegian investment bank said “significantly” longer journeys due to disruption from the Ukraine war will shield the sector from slowing trade volumes.

The International Monetary Fund (IMF) has cut its forecast for world economic growth for 2022 from 4.4% to 3.6%.

“For shipping, slower economic growth is not good, all else being equal,” said analysts Frode Morkedal and Even Kolsgaard.