Ravi Mehrotra: grandfather of booms is yet to come

Hard-pressed shipowners, facing a triple whammy of a slump in charter rates, low cargo growth and a drop in ship values, will have to wait another four years for the next shipping boom, a top shipping executive has warned.

Ravi Mehrotra, executive chairman of the Foresight shipping, hospitality and retailing group, said the recovery would depend on the impact from the second phase of China's urbanisation and India's expansion.

via Business feed http://www.scmp.com/business/companies/article/1062064/ravi-mehrotra-grandfather-booms-yet-come