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U.S. Merchant Marine and World Maritime Review
By Shashi N. Kumar, Master Mariner
Whatever happened to the typical short cycles in shipping markets? The industry seems to be defying conventional wisdom. Many respected analysts have since 2005 been forecasting imminent gloom, but any deterioration in global shipping markets was relatively benign in 2006. We need to recalibrate economic models to better reflect the impact of globalization on international shipping.
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