Shipping sentiment worsens: annual survey
Add BT as a preferred source
London
A GROWING vessel glut is battering sentiment in the shipping industry at a time when players face risks to growth in Asia and turmoil in countries such as Greece, a leading transport survey showed on Monday.
While the oil tanker sector has enjoyed a rebound in rates and higher activity this year, dry bulk shipping - which transports commodities including iron ore, coal and grains - is suffering one of its worst ever downturns due massive fleet growth and weaker activity from top industrial importers such as China.
TRENDING NOW
When the disruptor gets disrupted: How Chinese open-source AI is eating its own industry
Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature
Amid global energy pressures, South-east Asia seeks to unlock geothermal power’s promise
AI’s next frontier? China and the US look to space in the computing race
