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Category Archives: finance

Effects of the Greek crisis in the shipping industry

Effects of the Greek crisis in the shipping industry

The shipping industry is in crisis, companies are reporting plunging profits and its conditions are now tougher than after the global financial crash. The Baltic Dry Index, a benchmark for the health of the global shipping industry, has recently plumbed all-time lows. Jonathan Roach, container market analyst at shipbroker Braemar, said the industry is being… Read More…

Shipping industry decline: Global slowdown effects on international trade

Shipping industry decline: Global slowdown effects on international trade

The ongoing financial meltdown, mainly in the United States and the European Union, has had a straight effect on the flows of international trade with a direct influence on the labor sector. The slow growth has been the result of austerity, and while industrial and consumer demand vanishes, additional growth decreases and an international trade… Read More…

The 4 causes of the shipping crisis

The 4 causes of the shipping crisis

As you may know the shipping business has been going downhill, or more appropriately, has been drowning during this last years. A crisis has struck not only a country’s shipping business but the whole business internationally, including countries like the United States, China, the United Kingdom and cities like Monaco, Singapore and Hamburg. This crisis… Read More…