The Global Maritime Summit 2019 is organised in partnership with the Turkish Chamber of Shipping
Oversupply Still Major Challenge Warns ICS
Speaking in Istanbul, Simon Bennett, Deputy Secretary General of the International Chamber of Shipping (ICS) warned today that avoiding overcapacity and unsustainably low freight rates is still a major challenge ten years after the massive downturn of 2008.
Mr Bennett said: “In that time shipping companies needed to show restraint when ordering new ships, to...
http://www.allaboutshipping.co.uk/2019/04/03/oversupply-still-major-challenge-warns-ics/