There is much ado in shipping these days and the plethora of economic indicators we use to base our decisions. The price of oil and its effect on growth still brings forth diverse opinions from industry experts; a slowing China, the factory of the world, and a depreciating RMB has equity markets nervous and economic commentators split on what impact it will have on growth; a stronger dollar and weaker commodity demand has sent commodity prices plummeting such that some of the largest traders are taking a beating; and the perennial supply curve of new ships, though perhaps in some sectors headed in the right direction, continues to burden much of the shipping industry. Juggling the pieces and fitting them into the jigsaw is a challenge.
London is the best place for such a discussion. It is central to finance, broking, legal and insurance. It is between the capital of Wall Street and the cargo demand of the Far East. It is place that shipowners from near and far have long called a second home.