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    Demolition activity the main source of optimism in the shipping market

    December 20, 2012
    SeaNews
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    Demolition activity the main source of optimism in the shipping market

    With tonnage oversupply expected to plague the shipping industry for yet another year during 2013, it seems that the only viable option for ship owners is to keep on scrapping their older vessels with the current record-breaking rate, while at the same time, limiting, as much as possible, the rate of new building orders, especially in the more overcrowded ship segments, like for instance the Capes...

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