Source: The Economic Times - Despite these difficult times, when world shipping is passing through doldrums, numerous research reports and studies keep coming up from time to time. Till recently, the shipping world seemed to be smaller place and only a few, handpicked companies published the research studies. Now every company worth its name seems to be at it.
There is no problem with that. But the problem arises when one report contradicts another, leaving the reader directionless and wondering what is happening. Given the precarious condition of many world economies, shipping becomes another investment area which needs to be dealt with a barge pole.
Though examples are too many to recount here, the saving grace is 'the so called public memory' which gets refurbished sooner than these reports. A few years ago when a prediction about oil price touching record levels came true, made the person an instant celebrity. But when his follow up prediction went phut, nobody really took note of it.
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