Shipbroker Clarksons is sounding upbeat about shipping's medium-term prospects, despite its own headwinds from the strength of the UK pound.
The London-listed operation said it earns most of its revenue in dollars, which has been weaker against the UK currency.
But in a statement to be read at the company's annual general meeting in London on Wednesday, chairman Sir Bill Thomas said the medium-term outlook for shipping is positive as demand and supply dynamics continue to steadily improve.