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The outlooks, forecasts and predictions for 2020 which were compiled at the end of last year now look like they were made in another age and on another planet. So what has the remainder of this most unusual year got in store for the industry?
The coronavirus pandemic has exposed shipping market weaknesses, yet resilience within each sector reveals an industry inching its way towards new solutions
The dry bulk fleet is expected to expand this year, while demand is likely to fall, leading to a toxic mix for the market
Freight rates to remain at depressed levels in the second half of the year
Fewer sailings and slow steaming should mean fewer claims, but drill down and the picture is far complicated than that
The coronavirus disruption means major decisions have been put off or delayed — and the rest of the year is unlikely to change that
If container lines can hold their nerve, the next six months should remain profitable, even with a weak peak season
Opec cartel navigating geopolitical and economic icebergs as oil market rebalances over 2020’s second half
The threat of a second coronavirus wave has dampened LNG demand and depressed prices to persistently low levels, which is not supporting ramp-ups at liquefaction plants
Shipping’s comparative resilience in the face of the coronavirus pandemic could help it gain more confidence among financiers who are used to seeing other businesses as a safer bet
The total number of ships delivered in 2020 is expected to increase compared with last year, but a high number of deliveries will be delayed to 2021 and cancellations are increasing
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