“If a man is to be obsessed by something, I suppose a boat is as good as anything, perhaps a bit better than most.” — E.B. White
According to the CIT Group, “2015 should be a reasonably good year for tankers. We are more skeptical about the dry bulk sector because of the overhang of vessels still under construction on the supply side. Other factors that continue to impact the struggling dry bulk sector include declining steel production in China, Chinese iron ore imports falling, as well as reduced Brazilian iron ore exports.” The maritime industry as a whole is subject to a vast number of outside influences. When economic factors are good, the industry may have different needs as opposed to when things are not as thriving.
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