Shipping Markets to Struggle for Two More Years, Platou Says

The container and tanker shipping markets will struggle for another two years amid a glut of crude vessels and slowing global economic growth, according to the head of RS Platou ASA, Norway’s biggest shipbroker.

“In crude tankers and container shipping it’s going to take 2013 to work through the oversupply, but then the upside could be good,” Peter Anker, chief executive officer at the Oslo-based broker said in a Jan. 16 interview at the company’s headquarters. “The tanker market is a dark sea and container shipping looks very unpromising.”