BIMCO said in recently , from the middle of 2016, the economic growth in accelerated for Europe, Asia and the Americas. In 2018, the global GDP growth rate slightly increased to 3.7%, up from 3.6% in 2017. In 2018, if the ship continues to maintain a slow speed of navigation, the basic market balance of the shipping industry may further improve. glenflange
For the improvement on the container shipping industry in 2017, it will be kept in 2018, while the growth rate of the fleet is samilar with the growth of market demand. So, almost no increased fleet's profits by freight price Significant growth.
For the oil shipping industry, benefiting from a slowdown in fleet growth, there is potential rising in crude oil tankers (BUYs) glenflange fleet and finished product tankers (BUYs) fleet. as the reason such as increasing market demand, rising oil consumption and price arbitrage have prompted a pickup in oil trading activity, depending on a more balanced oil market.
BIMCO(glenflange) quoted the IMF saying that global GDP growth is expected to maintain its growth in 2017 at 2018, which will continue into 2022. However, the growth rate of the world trade volume is expected to down from 4.2% in 2017 to 4.0% in 2018.