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    Shipping and Logistics

    Logistics Report for Late March 2016

    Written by Sandy Williams


    Business conditions are still terrible in the ocean freight market as vessel operators cope with oversupply of ships and weak demand.

    Wrote MID-SHIP in the March 24 MID-SHIP Report, “The freight markets are at levels not seen or experienced for 30-35 years and there is no silver bullet in sight, even though there is a general consensus developing that we have likely bottomed out but do not see a quick recovery for the market generally.”

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