Shipping sector sailing toward crisis

Builders doing what they know best, but they may be creating a glut of ships

The shipping industry may have planted the seeds of its next crisis, even as it works to finish recovering from the last one, with a rise in the number of ships now being built in Asia.

Many new ships are being built, mostly at Chinese or South Korean shipyards. When these hit the water over the next year or two they will create a glut that could hurt prices and push the industry into a new crisis.