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Rising consumption in emerging markets will keep demand for shipping high.
The reason that the BDI has taken such a precipitous dive is that it is a measure both of demand for shipping and of the supply of vessels.
It could also see demand for shipping and trade-related services shrink further if China manages to redirect its economy away from exports.
A glut of ships, and slack demand for shipping in the weak global economy, have reduced the value of cargo ships.
The FedEx Corporation, the package delivery company, raised its earnings outlook for the current quarter and full year on Monday, citing an increase in demand for shipping.
The acquisition comes as Atlas and Polar struggle with a drop in demand for shipping services that has led to layoffs in the last few months.
Similar(41)
Meanwhile, booming trade in and out of China is creating a huge global demand for ships.
The resistance of the gentry was consolidated by the extended demand for "ship money," the most hated of Charles's non-parliamentary levies.
These hit the waves during the post-crisis slump that was already weighing heavily on demand for ships, which pushed charter rates lower still.
Over all, orders for transportation products posted a 1.8percentt rise in February as the strength in commercial and military aircraft orders, as well as higher demand for ships, offset the drop in motor vehicles.
[C5.] Japan's Exports Hit a Record Strong demand for ships, autos and iron lifted Japanese exports to a record high in October, easing concerns about a slowdown in one of the most important sectors of the economy.
More suggestions(16)
demand for water
demand for transport
demand for freight
demand for sailing
demand for maritime
demand for shipbuilding
demand for providing
requirements for shipping
requests for shipping
demand for transporting
demand for sending
demand for land
demand for transit
demand for space
demand for air
demand for electricity
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