The charts that explain shipping’s extraordinary decade

Shipping has spent the 2020s lurching from one earnings boom to another, with successive crises repeatedly rescuing markets that conventional supply-demand analysis suggested should be weakening.

Two new charts capture how today’s supercycle came to be, and which sectors face a likely downturn.

Braemar’s decade-long earnings chart reads increasingly like a geopolitical timeline. Covid propelled containers to extraordinary heights. Russia’s invasion of Ukraine transformed energy trades. Gaza and the Red Sea crisis extended voyage distances across multiple sectors. Now the Iran war has driven tanker and LPG markets almost vertically into record territory. Read more at Splash247.com