Independent journal on economy and transport policy
19:38 GMT+2
SHORT-LIVED TANKER RECESSION FORECAST AT START OF NEXT DECADE
(Shipping Times)
October 15, 1997
[LONDON]
A recession in the tanker shipping market is on the cards for the start of the next decade, said SBC Warburg Dillion Read, the investment banking arm of Swiss Bank Corp.
But the downturn, triggered by an oversupply of tonnage, is likely to be short-lived with a rapid acceleration in scrapping expected to return the market to balance, shipping analysts ...... Read more on Shipping Times
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