After showing admirable resilience in 2020, shipping markets performed remarkably last year as trade volume recovery, widespread congestion and modest fleet supply growth contributed to a 93% increase in our cross-segment ClarkSea Index ($28,700/day). This cash influx also supported record S&P transaction levels (145m dwt, $46bn) and the highest newbuild order volumes since 2014 (120m dwt, $107bn).

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