Source: Best Oasis Best Oasis added that “as year-end approaches, buying activity could see an uptick in November and December, potentially influencing price dynamics. A period of potential change may be on the horizon. With Donald Trump’s return to the White House, the stage is set for possible economic shifts.
His agenda includes tax cuts aimed at boosting domestic production, high tariffs to discourage outsourcing, and a shift from green energy back to fossil fuels. These policies could bring renewed momentum to the economy, but they also carry the risk of rising prices and inflation, which may lead the Federal Reserve to keep interest rates high. Trump’s push for stricter immigration measures, including an expanded border wall and increased deportations, could also affect labor dynamics.
The impact of these bold actions remains uncertain, leaving America on the edge of a new economic chapter full of possibilities —and the ripple effects may well be felt around the globe, potentially reshaping international trade dynamics, energy markets, and geopolitical alliances”. In a separate note, shipbroker Intermodal added that “in anticipation of the Hong Kong Convention taking effect in forthcoming June and to accelerate its implementation, BIMCO has launched the Ship Recycling Alliance, with founding members that include prominent cash buyers and recycling associations. Meanwhile, numerous industry participants were engaged last week in the Tradewinds Ship Recycling .