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HEAD OF RESEARCH
Christopher Rex, rex@shipfinance.dk
ANALYTICAL TEAM
Mette Andersen
Ninna Kristensen
TABLE OF CONTENTS
SHIPPING MARKET REVIEW – MAY 2016
EXECUTIVE SUMMARY, 7
GENERAL REVIEW AND OUTLOOK, 14
SHIPBUILDING, 29
CONTAINER, 43
DRY BULK, 54
CRUDE TANKER, 68
PRODUCT TANKER, 79
LPG TANKER, 90
GLOSSARY, 101
EXECUTIVE SUMMARY
SHIPPING MARKET REVIEW – MAY 2016
EXECUTIVE SUMMARY
Please read the disclaimer at the beginning of this report care-
fully. The report reviews key developments in shipping markets
and the main shipping segments during the period November
2015 to May 2016 and indicates possible future market dire c-
tions.
The first section of this report – our General Review and Ou t-
look – is intended to promote discussion of the medium to long-
term drivers of the shipping industry. Some investors seem to