Shipping Rides Along With “New Global Resources Super Cycle”

The Australian team at Citigroup put out a research piece this week that described a ‘resources super cycle’ that bodes very, very well for shipowners. According to the report, the super cycle ‘constitutes a sustained period of trend increases in real commodity prices; driven by higher trend demand growth as major economies industrialize and urbanize; in which supply increases but not sufficiently to offset demand… previous super cycles occurred in the late 1800′s/early 1900′s driven by the urbanisation and industrialization of the USA, again in the 1940′s and 1950′s with the post war reconstruction of Europe, and most recently in the 1960′s and early 1970′s driven by Japan’s economic renaissance…

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