Choppy outlook for marine shippers in 2017
Prices seen picking up with demand, but overcapacity remains
A cargo ship at a port in Lianyungang, Jiangsu Province, China
TOKYO -- Fares for bulk cargo ships are expected to maintain steady growth in 2017, but the ongoing capacity glut in the industry could weigh on prices.
Bulk carrier freight and charter rate declines have accelerated since autumn 2015 due to the increase in the number of newly built vessels and the fall in the number of deliveries to China.
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