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Press Information Bureau
Government of India
Ministry of Shipping
03-September-2012 17:26 IST
Supply Demand gap in Shipping Business

 

 

Although business demand for shipping grew between 2010 and 2011, the global shipping tonnage grew at a higher rate which resulted in a glut in capacity with ship supplies outstripping demand.

 

The detail about global supply-demand gap, for the two major sectors of shipping i.e. dry bulk and tanker segment is given below:

 

                                                                   (in million dwt)

2010

2011

Supply

Demand

% gap

Supply

Demand

% gap

Dry bulk segment

525.0

385.2

26.63%

604.8

405.6

32.94%

Tanker segment

377.3

295.2

21.76%

398.7

315.2

20.94%

(Source: Drewry Maritime Research – Dry Bulk Forecaster 2Q2012)

 

The demand and supply in Shipping sector is regulated by market forces. Given the fact that shipping business has shown cyclic trends over a period of time, the markets are expected to correct themselves in natural course.

       

The above  information was given  by the Union Minister of   Shipping, Shri G.K. Vasan  in a written reply to a question in  Lok Sabha today.

 

 

 

MG/AS – PQ6– usq 3481