Massive Investment Needed for Shipping

Financing of the shipping industry is again on the agenda as new investments are needed to keep up with the upcoming fleet renovation drive and market growth. According to Clarksons data, the cost of financing the shipping industry over the decade from 2014 to 2023 could be around USD 1.4 trillion, a massive step up from the 90s. “But the business has changed dramatically since the early 1990s when it was mostly about tankers, bulkcarriers and containerships. In the coming decade only half the investment (about USD 760 billion) is to finance the replacement and expansion of these core fleets,” said Martin Stopford.