China ship market recovery

Since 2020, the global economy has been recovering and the economic growth is accelerating. Many global authorities have been optimistic about the economic growth in 2020.

The world's mainstream energy institutions and financial institutions differ in anticipation of the rise and fall of crude oil prices in 2020,
but most of them are bullish. It is believed that environmental pressure and rising crude oil prices will lead to a rebound in the price of marine fuel,
causing pressure to old and low fuel efficiency ships, prompting shipowners to eliminate old ships, and thus promising to enhance the activity of new ships.