“Scrapping is the answer.”
John Michael Radziwill, chief executive of C Transport Maritime, makes the solution to the terrible dry market look so simple.
“Layups, it’s a short-term medicine that will make the industry feel better for a few months, maybe until the end of the year if they are massive, but definitely not the solution,”
Giovanni Ravano, managing director of shipping and logistics division at Bunge Group, could not agree more apparently.
