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Shipping industry sees signs of hope

4 April 2014 Last updated at 01:10 BST

Headwinds facing the shipping industry have seen widespread rationalisation and many operators go under.

However, there seem to be glimmers of hope.

Dubai's DP World, the world's fourth-largest port operator, saw stronger net profit last year, up 10.9% at $604m, from $545m in 2012.

So has it weathered the storm? The BBC's Sharanjit Leyl spoke to Peter Sand, chief shipping analyst at Bimco, the world's largest shipping association.

Watch more reports on Asia Business Report's website.

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