In 2018, expected fleet growth will be 4 mdwt, or a little more than 1%, with vessel scrapping at 17 million dwt, more than twice the yearly average over the previous decade.
Increase in revenue productivity was significant, volume growth was robust, client metrics and utilisation improved, while attrition remained stable.".
North American shale gas production growth is expected to slow after 2020 and production from other regions to increase, but in 2030 North America is still expected to account for 73% of world shale gas production.
Increase in revenue productivity was significant, volume growth was robust, client metrics and utilization improved while attrition remained stable," he said.
In spite of slower growth, the region will still see 22% growth for crops and 16% growth for livestock in the next ten years, seven and two percentage points faster than the global average, respectively.
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