It's very difficult to say how long this volatility will last. There is much fear in the market due to the uncertainty of the finance industry: the whole economy runs very much on borrowed money, and it's very difficult to get a loan now.
If the (possible) recession in USA is strong enough to slow down the growth in BRIC (Brazil, Russia, India, China) countries, it will certainly have an impact on shipping industry for some time, but I do not believe that time will be a very long. Those emerging countries seem to be quite strong in their growth already.
Here's the weekly report of the Norwegian shipbroker Bassøe. Their tanker report is quite optimistic: (click Weekly Reports)
News 
Market Data 
Discover 
AI
