05/11/2014at 09:04

Cosco: Two years until shipping starts to improve

Overcapacity remains a big problem for the shipping industry, says Cosco Chairman Ma Zehua. And as such, it will be another two years before the shipping market starts to improve, he tells Reuters.

BY LOUISE VOGDRUP-SCHMIDT

"I don't think the market will recover within the next two years. There are a lot of newbuilding orders, which means the chances of the supply-demand imbalance improving soon are small."

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