Global economic growth remained largely fl at at about 3.1% in 2016, while world seaborne trade growth finally rebounded from 1.9% in 2015 to  2.4% in 2016. The market is still struggling to absorb the new tonnage coming in, even if there are signs of a reduction in fleet growth (about 3.2% in 2016 against 3.4% in 2015). Growth in dry bulk trade has been decelerating and reached just 1.4% in 2016, the slowest pace since 2010. After several years of volatility, oil trade growth stabilized around 3.6% in 2016. Container throughput growth reachs 1.5% in 2016. With only 34.1m dwt in newbuilding orders during 2016, the year was very much on par with 2009’s record low after the world was hit by the worst economic crisis since 1929. To read more click oh "details".