Shipping Is a Very Resilient Industry, Says International Chamber of Shipping’s Poulsson

The video discusses the challenges faced by the shipping industry, including the US-China trade war, regulatory changes like IMO2020, and economic forecasts by the IMF. It highlights the impact on freight prices, container prices, and trade volumes. The dry bulk market, particularly Capesize vessels, is affected by market conditions and the closure of mines. The video also covers the implications of new regulations on costs, which may be passed to customers. Despite challenges, there is optimism in the industry, with a focus on demand and capacity management.

How do industry-specific factors contribute to the challenges faced by shipping companies?

What is the outlook for the dry bulk market in relation to the current shipping industry conditions?

In what ways might shipping companies pass on the costs of new regulations to customers?