News / Things can only get better, predicts Bimco, but overcapacity still a threat

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Danish shipping association Bimco has started 2014 with a relatively optimistic note for the industry’s earnings – but adds a note of caution on overcapacity.

In its Reflections 2014 analysis of the critical issues faced by the shipping industry, it notes that “windows of sustainable earnings are likely to occur more often”.

However, in his foreword to the publication, newly elected president John Denholm expresses concern about the amount of ordering that is “adding tonnage to an already excessive world fleet”.

He writes: ...