Shipping may not be enjoying the best of years but the value present across the united nations of the industry compares favourably with some of the world’s larger economies, according to sums from Clarksons.
In a report researcher Trevor Crowe says the world fleet is worth $904bn today.
Using the 10-year average age of the ships, allowing for 15 more trading years, this works out at $60bn per year, which is larger than the economy of Panama, he calculates.
On
