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Stormy seas ahead for Capesize shipping market, PwC says

Publicat:

PwC report stresses risks of ‘distorted' shipping market. Capesize fleet to soar while demand for seaborne iron ore largely stagnates 40% increase on current Capesize fleet expected over next three years with 450 on order Bucharest, 30 November 2011. The size of the Capesize fleet is forecast to rocket over the next three years at the same time as demand growth for seaborne iron ore is set to stagnate according to PwC's ‘ - Capes of no Hope?' report. There are currently 1,200 Capesize vessels worldwide at a value of $45billion but it is estimated that a further…

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