Clay Maitland

On a quest for quality in shipping

Prosperity is not around the corner.

My eye was caught by a recent article: “Tanker Sector May Be Over the Worst”, quoting a Norwegian bank’s analysis that the tanker market, including VLCCs, suezmaxes, aframaxes, panamaxes and medium range clean product tankers, has bottomed out. Continue reading

Goodbye to all that

The shipping industry has been dependent on borrowed money for as long as anyone can remember. It’s the way things have worked since the start of the post-World War II boom. The growing prospect of a global “credit famine”, however, may change all that. Continue reading

Worse to come for shipping

The true state of the world economy was shown on August 1, with the release by JPMorgan of a series of indicators making up the global manufacturing purchasing managers’ indices (PMI). Continue reading