In a client briefing Noah Parquette of Canaccord Genuity argued that the balance between supply and demand will be restored in the coming years.
“While 2014 saw the market fundamentally oversupplied, we see supply and demand to be relatively balanced through 2017,” he said.
“In 2018 and beyond we expect a significant number of ships will be needed, potentially even straining global shipyard capacity if Chinese yards can’t ramp up capabilities.”
Going
