Outlook 2023
The long-term consequences of the geopolitical, energy and economic shocks of 2022 are hard to foresee — but for shipping, there is at least the possibility of a more optimistic reading of the runes
Outlook 2023: The case for optimism amid turbulent times
Optimism is a rare commodity in European boardrooms right now, amid an energy crisis, high inflation and slowing growth — but there is a global case for a more positive view of opportunities ahead
The Lloyd’s List Podcast: Here’s what 2023 is going to look like
The annual outlook edition of the Lloyd’s List podcast casts an eye over the forces that will be shaping the shipping sector next year and beyond
Outlook Poll: Global recession risk looms large for shipping in 2023
The annual view of market sentiment finds the shipping industry divided over decarbonisation strategy, risk and opportunities
Regulation: 2023 will be an agenda-setting year for shipping
With only a couple of inter-sessional working groups between now and the July 2023 deadline, propelling the notoriously glacial pace of change within the IMO is going to be an uphill struggle — but what emerges will set the regulatory landscape for shipping’s future
Containers: Life after the goldrush
As congestion eases, container carriers will need to address how to manage the vast amounts of tonnage ordered during the boom years of the pandemic; as economies cool, they will need to call on the reserves of cash made during peak earnings
Tankers: West African waters evolve as tanker spoofing centre as ‘dark fleet’ increases in size and notoriety
Tanker owners will have to deal with elevated compliance risks from sanctions in 2023
Dry bulk: Softening of rates expected amid uncertain economic backdrop
Uncertainty regarding ultimate demand will lead to volatility; however, there is consensus that a rebound in China is expected to be felt in the latter part of next year as it gradually reopens its economy following its strict zero-Covid policy
Shipbuilding: Full orderbooks, but labour shortages could threaten delivery schedules
Containerships make up more than 40% of the current global orderbook, while the tanker share is at a record low of 9%; nevertheless, orders from the tanker sector are expected to accelerate in 2023
Ship finance: More options amid sea of uncertainties
Smaller and medium-sized owners are still very much provided for, but wider upheavals are taking a toll on deals
Marine insurance: No respite for owners on hardening rates
This time, the alibi for the rate increases is inflation. Rocketing costs for labour and steel are making it more expensive to foot the bills for repair yard work
Marine insurance: No respite for owners on hardening rates
This time, the alibi for the rate increases is inflation. Rocketing costs for labour and steel are making it more expensive to foot the bills for repair yard work
LNG: Tight market to support strong carrier rates
A spate of newbuilding deliveries can easily be absorbed, with more long-term charters being inked to secure tonnage in a tight, disrupted market
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