The International Chamber of Shipping, based in London, estimates that the global shipping industry which is responsible for moving approximately 90% of goods around the world, generates $half a trillion of turnover p.a. There is a fleet of 50,000+ merchant ships registered in over 150 jurisdictions and crewed by 1 million sailors. It is, without doubt, an industry that we all rely on for the goods we purchase but pay little attention to on a day to day basis.
However, one set of statistics that many fund managers do monitor, as it gives an indication as to the…
