Independent journal on economy and transport policy
15:59 GMT+2
Tankers: Asia slowdown besets industry
(Financial Times)
July 28, 1998
The economic downturn in the region coupled with vast oversupply in new tonnage casts a cloud on near-term prospects for the industry, writes Gary Mead
For the shipping business it is the best of times and the worst of times. Tanker owners and brokers will long remember this as a boom year; but some of those in the dry cargo business will struggle to stay afloat. The collapse in international oil prices, ...... Read more on Financial Times
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