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EXECUTIVE SUMMARY
SHIPPING MARKET REVIEW – NOVEMBER 2014
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 May 2014 to
October 2014 and indicates possible future market directions.
GENERAL REVIEW AND OUTLOOK
The General review and outlook is intended to promote discu s-
sion of the medium to long -term challenges facing the shipping
industry and to highlight some global perspectives that might
serve as an outlook. We present a discussion of the potential
issues that may or may not come into play within the lifetime of
vessels recently ordered. Some of the transformations being
seen, such as demographic developments and the global eco n-
omy’s increased interconnectedness, are longer term and str uc-
tural in nature. These transformations are interacting to shape
the future, which makes extrapolation from the past an increa s-
ingly unreliable lens through which to make predictions . Is there
a risk of a situation with a massive number of new – large –
vessels in a fundamentally changed global economy by, let’s