Keeping the world turning

Nigel Russell, of brokers RFIB, looks at the big issues of 2011 and 2012 in the marine insurance market

In 2011, the shipping world seems another part of the world economy that is barely under control. As politicians worry about debt, the fear of a double dip recession, volatile financial markets and the euro, the shipping world is faced with almost universal problems with only a few small sectors not suffering the pain felt by the tanker, dry bulk and container markets.