The tanker market is expected to flourish due to robust global oil demand, while the container ship sector is forecast to weaken from overcapacity and the dry bulk market is set to suffer from China uncertainty, according to an industrywide report on shipping.
The tanker market is predicted to forge ahead over the next couple of years as a result of higher demand from China and the rest of the world in tandem with higher oil volumes from the Americas, Bimco wrote on Monday in its third-quarter outlook.
