OPINION

Looking into 2023, one has to be very cognizant of geo-political and macro- events. While supply and demand will be crucial as always, “external” events are likely to drive the market the most in the coming year. By Basil M Karatzas*.

For the shipping industry, the recovery from the pandemic has been a mostly (very) profitable event. While shipowners and shipping investors enjoy the “ride”, one is left to wonder what’s next for shipping. By Basil M. Karatzas*

We may have to thank the good vessel MV "Ever Given" and its fateful Suez Canal passage for bringing to the surface the underlying issues of the maritime industry is facing.

The COVID19 pandemic definitely has been a bigger crisis that humankind was prepared to bargain for, nevertheless, one has to be encouraged from the lessons, and the trends that seem to be emerging.

The new year could be surprising enough and would bring about more profound changes for the industry, while the primary pre-occupation in the industry remains on only the tonnage supply and demand picture.