Overcapacity still a problem in 2010

Paul Slater - Tuesday 22 December 2009

Paul Slater.

AS 2009 draws to an end, most people in the shipping industry will be hoping for a happier new year.
The industry is still, however, mired in a crisis of its own making, namely the wildly excessive ordering of new ships of all types without regard to the huge growth in demand for shipping services that would be needed to employ all these vessels.
W...

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