Shipping trade organisation Bimco has said that demand for shipyard space will shrink by half after 2014.

Bimco: supply side worries
New tonnage will continue to create havoc with shipping’s fundamentals but what alarms Bimco is how yard capacity -- unless curtailed -- will only make matters worse.

“However, the clear and present danger to the shipping industry is actually not the ships on order, but rather how to handle the massive shipyard overcapacity post 2014, with the utilization factor dropping from the present close to 100% to 50%,” according to Bimco.

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