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Forecasts of a modest recovery this year

But some concerned that oversupply of shipping tonnage could again become a problem

According to BIMCO, China and Japan look set for reasonably strong growth. It notes that "China is on track for a softer landing with GDP growth at 7.3 per cent - PHOTO: REUTERS

TWO well-informed sources have come to broadly the same conclusions about the global shipping industry's prospects. International accountant and shipping adviser Moore Stephens says in a statement that it believes the shipping industry's fortunes should be noticeably improved by 2015 if it