According to Fitch, the global rating agency, prospects for the shipping sector look bleak and show slim chances of revival during the year owing to unfavourable demand-supply dynamics in the global scenario, Exim News Service reports.
"Unfavourable demand-supply dynamics in the global shipping industry, driven by relatively low global trading levels and fleet additions across segments, will be a significant drag on the revival of charter rates in 2012," it said recently in a note. |
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Source: transportweekly
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