The shipping industry is bearing the brunt of current global economic uncertainty more than most other industries following years of sustained investment in new capacity. Certain sectors of the industry are suffering considerably, with some participants entering survival mode in an effort to ride out the storm, some are rapidly diversifying and then there are those strategic investors who are taking advantage of depressed pricing and are seeking attractive investment opportunities.
This briefing will seek to provide an insight on the current industry trends, the challenges that the industry is facing, how liquidity in the financial markets is impacting the industry and highlight the current restructuring trends and options that are available to stressed shipping companies. We will also, through a panel discussion, provide insight from industry operators.