Yesterdaywe reported Clarksons Research president Martin Stopford believes there are 30%too many bulkers in the water, triplethe excess figure seen in the grim years of 1986 and 1998.
Responding to Stopford’s assumptionanalysts at RS Platou Markets say the present overcapacity of 8% is a far cryfrom the 16% seen at the height of the 1980s.
Frode Morkedaland Herman Hildan argue for Stopford’s assessment to ring true freight rates wouldalso have to be the worst ever seen.
