Big owners are being pushed into an industrial model of shipping, and slashing shipbuilding capacity by 30% is the only way to come to terms with a low-demand future.
A return to an industrial shipping model for large capesize bulker and VLCC tanker fleets and a prolonged period of low ordering emerged as the foremost forecasts from a roundtable discussion between eight re-searchers from major broking groups, compered by the godfather of the predictions business, Martin Stopford.
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