Dry-bulk shipping sector faces worst crisis in years

Dry-bulk shipping, which is facing its worst crisis in years due to a slump in freight rates and too much tonnage, is unlikely to fully recover until at least 2016, according to industry executives.

Despite the glut of new tonnage hitting the water and weak cargo growth leading freight rates to slide, many shipowners would invest in new vessels now.

via Business feed http://www.scmp.com/business/china-business/article/1045398/dry-bulk-shipping-sector-faces-worst-crisis-years