Last year was a ride of incredible ups and downs for the global shipping in the industry. From financial pressures to overcapacity and numerous consolidations, a lot of challenges and shifts has surfaced in the world of global transportation last 2016, which was topped by the bankruptcy of Hanjin Shipping, South Korea’s biggest container carrier, and the world’s seventh-largest.
That said, the financial crisis from the previous years has really impacted the shipping industry in a very big way. Faced with harsh headwinds, many shipping firms are now setting their sails for the incoming shifts and trends in the global shipping industry this year 2017.
Check this infographic as we present to you where the shipping industry is heading to this 2017.