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Indiaexportnews.com

Box & tanker sectors seen cruising to recovery

  07.04.2010    

The container and tanker sectors are expected to lead the shipping industry out of the downturn this year, while the bulk sector is not expected to return to profit until late 2010 or even 2011, says analysts at KGI Securities to Exim News Service.
In a recent report on the industry, they said that in spite of the still difficult operating environment that the container shipping industry is facing, it will return to profit in 2010.
In 2009, carriers suffered under the weight of the worst financial crisis since the great depression because volumes plummetted by 9.8 per cent to 123 million TEUs.
The steepest falls were manifest on the Asia-Europe trade and the transpacific.
But a recovery appears to be under way with volumes across a number of trades rising in recent months.
KGI analysts point to the particularly impressive growth in the Europe and intra-Asia trades.



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