The Shipping Industry Cycle Is Turning: Any Net Nets Around? | Value Investing News

The Shipping Industry Cycle Is Turning: Any Net Nets Around?

  • What is the shipping industry?
  • Of course, during a shipping industry cycle downturn, the market punishes shipping firms with very low prices, sending some of them even below liquidation value.
  • This new rule alone will take at least 2% of the global fleet out of the sea for some months — because ships will be sent to the shipyard to install the scrubbers — effectively reducing supply in the short run and pushing charter rates up.
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