Thursday, April 19, 2012

Dry bulk shipping faces hard year on overcapacity

Moody’s Investor Service announced in a report on Thursday that dry bulk shipping, which has vessel overcapacity of up to 30 percent, will struggle to make a profit for the next year to 15 months. Moody’s projected that the delivery of new ships ordered pre-glut will compound the oversupply problem.

- Bloomberg

Read the complete story: bloomberg.com

 

 

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