Has the supercycle hit the end of the road?
AS GLOBAL head of shipping at top accountants KPMG, John Luke is a man who knows what he is talking about when discussing financial questions affecting the maritime industries. Put briefly, his prognosis is bleak: the impact is already being felt, particularly when it comes to newbuildings and asset values. More volatility can be expected to come, and weaker shipowners may go to the wall.
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