But pointing to the “supply driven recession” of the pastfew years, Nordea head of shipping, offshore and oil services Hans ChristianKjelsrud warned against further over ordering.
“The return of volatility [in dry and tanker markets]shows overcapacity is perhaps not quite as big as we thought,” Kjelsrud said ina briefing today.
The dry bulk orderbook is equivalent to 20% of the currentfleet, down from an 80% peak in 2008 while crude tankers are now at 12%,compared with about 50%.
Ship
