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Bimco: Low growth rates are the new normal in the industry

In the future, we will see the effects of China becoming a more closed economy driven more by domestic demand than by foreign demand, says shipping analyst Peter Sand of Bimco.

Photo: Georg Hammerstein/POLFOTO/ARKIV

High growth rates are a thing of the past, and this means that there is a new normal in the shipping industry, writes analyst agency Bimco, which uses the 7 percent growth in the Chinese economy in the first quarter 2015 as a point of departure.

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