Capacity overhang from 2009 crisis has not been cleared – Rate volatility in 2012 unprecedented – Idling/slow steaming/charter redeliveries are only temporary solutions – Significant new vessel deliveries due in 2013 – Scrapping has increased
Capacity overhang from 2009 crisis has not been cleared – Rate volatility in 2012 unprecedented – Idling/slow steaming/charter redeliveries are only temporary solutions – Significant new vessel deliveries due in 2013 – Scrapping has increased
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