”The prevailing pressure drivers on the market indicate so far that we are not heading as yet to a hard landing,” predicts Kyriacos Panayides, managing director at MPP carrier AAL. On the contrary, the market for special cargo looks promising with demand from oil, gas, coal, and wind. Limited supply and few newbuilds are further contributing factors.
”It is a pleasure to see that all the carriers despite the fact that they have accumulated significant results nowadays they have not followed the missteps of the past where ordering of new ships had accelerated to a level that threatened the long term balance of demand and supply,” says Kyriacos Panayides, managing director, AAL Shipping. | Photo: AAL
