BIMCO: Shipping Industry Faces Choppy Waters

January 03, 2017

The shipping industry has its work cut out going forward in 2017, as the period will see another year of die-hard competition, which now includes tankers, according to international shipping association BIMCO. In 2016, the container shipping industry bit the bullet in terms of demolition and consolidation to help the market to recover and now the dry bulk sector needs to copy the approach.