The world’s largest international shipping association said the IMF cut its forecast by 0.3% for both years, to 3.5% in 2015 and 3.7% in the following 12 months.
Peter Sand, Bimco’s chief shipping analyst, said: “The downward adjustment was expected, but it hits hard nonetheless.
“The global shipping industry needs much stronger support from the demand side to gradually improve the situation of too many ships chasing too few cargoes.”
But
