CEO Says Strong Demand For Shipping Suggests Solid Global Economy
By: Scott Reeves | Scott Reeves
Peter Georgiopoulos, chief executive officer of Genco Shipping & Trading and General Maritime , told CNBC’s “Street Signs” that worldwide demand for dry-bulk and oil shipping remains strong, suggesting a solid global economy.
“People are chartering ships today for two years starting in September,” he said Monday. “I think that’s a very aggressive sign.”
China continues to generate much of the demand for dry-bulk shipping, he said.
Demand for oil shipment remains strong and rates are about the same as last year, a “great year” for the shipping industry.
Based on demand for shipping, Georgiopoulos said the global economy appears strong.
“Things are much better than we thought,” he said.
Peter Georgiopoulos, chief executive officer of Genco Shipping & Trading and General Maritime, told CNBC’s “Street Signs” that worldwide demand for dry-bulk and oil shipping remains strong, suggesting a solid global economy.
