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The half-year health check on the state of the maritime markets finds shipowners in a better place than they anticipated 12 months ago. While tankers will have to wait for a meaningful vaccine-led recovery, box and bulk are booming.
New informal trading blocs are likely to emerge in South Asia, centred on India or a major ASEAN country such as Indonesia. Russia’s preferred strategy will be to refrain from joining any single «constellation,» maintaining equidistance from the EU, China, and the new Asian hubs