An increase in shipping capacity over the next three years should help the paper recycling industry, according to the BIR.
Writing his introduction to the latest BIR World Mirror for Recovered Paper, the section president Ranjit Baxi, of J&H Sales International in London, said that shipping lines continued to maintain stable rates during the fourth quarter, with prices remaining at the lowest levels seen during 2012 as a whole.
He added: “Over the next three years, a large amount of capacity appears likely to come on-stream – after excluding ships taken into dry-dock – this should provide a welcome net increase in capacity.
“This strengthens the belief that the 2014-2016 period should bring stronger global trade for our industry as well as for the shipping lines.”
For more information on weekly materials prices, including shipping and foreign exchange, visit www.scrap-ex.com/intelligence
