CHALLENGES OF THE SHIPOWNERS IN THE BALTIC SEA

Friday, 18 May 2018

Lithuanian Shipowners Association participates in the Conference “The Baltic Sea – gateway or Cul de Sac” taking place in Klaipeda on 16-18 of May, 2018. Executive director Gintautas Kutka discussed main challenges for nowadays shipping companies: shipping connectivity vs. Cul de Sac; it’s importance for small scale economies and the future improvements. Situation in shipping market is briefly described according to the following indicators: year 2017 was generally a difficult year for shipping, though several segments noted signs of improvement; no many indicators that market fundamentals will improve significantly within the next year or two; shipbuilders' slim orderbooks; statutary requirements; outcomes of IMO Marine Environment Protection Committee (MEPC) 72nd session.

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