
The USD 32 billion that equity funds have placed in shipping over the last two years might at first glance sound like a positive thing for the struggling industry. But the money could end up dragging the industry down rather than keeping the industry afloat in the years to come, according to Reuters.
The money has resulted in a massive orderbook, which according to analysts currently hovers at 299 million dwt, set to hit the water from May of this year.
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