A weak economical recovery and flurry of new ships to dampen shipping rates in 2011

As 2010 ended, concerns about most shipping industry’s segments began mounting with evidence of a weak economical recovery further deteriorating hopes of a swift recovery of freight rates. According to BIMCO’s newest analysis from Peter Sand, global recovery is now appearing to be losing momentum, as the macroeconomic drivers behind the economic recovery, such as giant stimulus packages, are being phased out and traditional concerns about inflation, deflation and economic overheating are challenging national and international economists.
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Source: Hellenic Shipping News