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BYLINE: Raymond P. Ebeling
Chairman and president
www.arrcnet.com
The forecast for the industry in 2008 is cloudy, and potentially stormy. For several years, extremely strong growth in international trade has offset, and in some segments more than offset, what appeared to some to be industry overbuilding, leading to potential overcapacity. Indeed, because of continuing strong growth in global trade, all segments of the shipping industry have enjoyed a sweet spot of stability, growth and general prosperity for several years.
The question now is whether a slowdown in the ...