Shipping market review – November 2022

The shipping industry has earned a record amount of money in 2022. Secondhand prices are high, but current prices are approximately 20-25% below the level last seen when earnings were this high. Market conditions are generally expected to deteriorate in 2023, since a weaker macroeconomic outlook combined with easing infrastructural bottlenecks is expected to increase the fleets’ cargo-carrying capacity in tandem with reduced demand expectations.