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Our team is just back from a successful few days in Hong Kong at the Asian Logistics & Maritime Conference. The general sentiment for the shipping market was positive. Whilst there is no doubt the current market situation is challenging, the expert speakers felt that the worst is over and as long as the scrapping of older tonnage can continue and owners stay away from excessive new build programmes there should be a sustainable recovery into 2017, 2018 and beyond.
Aside from the prospects for the shipping market it is great to see how the Hong Kong authorities are committed to backing shipping and very exciting for us at Ignition to meet new and existing clients and pick up several new opportunities.