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Wallem’s CEO Frank Coles – 2020 is the year of contrast for the shipping industry

In a mocking and caustic style, Frank Coles comments on the latest developments and the prospects surrounding the commercial shipping for 2020.

More specifically, in a post of his account on LinkedIn, the head of Wallem notes that 2020 will be a difficult year for shipping, the future of which will largely be shaped by IMO environmental regulations and increased piracy incidents on commercial vessel.

Mr Coles notes that “the year 2020 will be the year when low sulphur powered ships carry huge amounts of coal to high sulphur burning countries in large numbers… Somewhere out there someone has to see the irony in this madness”.