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Shipping Faces Some Grim Realities

What if the predictions of economic recovery are wrong? Clay Maitland takes a hard look at the prospects for the future, and it's not necessarily a pretty picture.  I commend to your attention the article posted earlier this month by…

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Korean Yards Hold Fire Sale

Further proof that the glut of overtonnage is not going away anytime soon.  MarineLink.com reported today that Korean shipowners are struggling to rid themselves of unsold ships at substantially lower than market prices. Daewoo is trying to sell a pair of 320,100…

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