UNCTAD

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Oversupply of bottoms delays recovery from the global economic crisis

Oversupply of bottoms in the international trade is expected to be one of the major issues that the industry will face this year, accord­ing to a report released by the United Nations Conference on Trade and Development (UNCTAD). The report showed that the trend would con­tinue even if there is enough data showing that seaborne trade is declining which is…