China COSCO chairman sees shipping recovery by 2015

The global shipping market will recover in three to five years, led by the container industry, which has already started to return to profits, a top executive said on Tuesday.
The shipping industry was seen returning to pre-crisis levels with the help of soaring consumer consumption in the world's No. 2 economy, said Wei Jiafu, head of China COSCO (1919.HK: Quote) (601919.SS: Quote), the world's largest dry bulk firm.
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Source: Reuters