Re: Deutche Bank Report on Shipping --- Posted Over at JF MB
These people that come up with this stuff are full of BS. In 2008 we could read that the dry bulk market would recover by 2012, and here we are in 2014, and the market is dismal. Just last week growth in the chinese economy was forecasted to 7.2%, down from 7.5%. Every idiot under the sun placed additional orders for capes, VLOC's and Panamaxes, driving down utilization. I don't know why these banks must come up with this BS, but I am about ready to write a note to Deutsche Bank, if someone can find the original statement for me.