Hidden Capacity In Shipping

October 1st, 2010 by Belisarius

Interesting chart today in Bloomberg’s Chart of the Day by Norwegian Arctic Securities.

A slowing merchant shipping fleet isconcealing capacity that will undermine the industry’s recoveryas world trade quickens, according to Arctic Securities ASA, anOslo-based investment bank.

The biggest reduction occurred in container shipping, wherespeeds dropped by 20 percent from their peak, according toArctic estimates. The second-largest slowdown has been forsupertankers that can carry 2 million barrels of oil.

Chart 1. Average Ship Speeds

Arctic Securities via Bloomberg

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