Danish Ship Finance predicts growth in seaborne volumes will average just 1% per annum through to 2030

Danish Ship Finance predicts growth in seaborne volumes will average just 1% per annum through to 2030

Danish Ship Finance has provided a sneak peak of its latest market report, one that paints a grim picture for long-term growth in shipping.

Danish Ship Finance expects long-term growth in seaborne trade volumes averaging about 1% per annum until 2030.

The report suggests that that secondhand prices, which are already low, could decline if the economic lifetime of ships continues to decline. Future demolition is expected to lower the average age of vessels scrapped and continue to reduce the value of older vessels through a shortening of their economic lifetime.

“In segments with low sales activity, the actual market value may be lower than indicated by current broker valuations,” the ship finance house observed.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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1 Comment

  1. Andrew Craig-Bennett
    May 25, 2017 at 10:33 am

    That is an important prediction. It tells us that the steady doubling of world trade by sea every fifteen years which has got our industry out of holes before is not going to carry on, and we need an entirely different mindset.