| Stockpiling in Europe (end-1956) caused slightly a lesser demand for tramps (1957) | New tramps completed (Freedoms) to replace the Liberties by adding 3000 tons per vessel & 4 knots; overcapacity created (1958) | Restrictions on trade by certain nations lacking foreign exchange | Self-sufficiency pursued in ship-owning, chartering & shipbuilding |
| Japan became an important supplier of tramp ships | World trade in recession | A 6 day war between Israel & Egypt, took place (1967); the closure of Suez Canal led to 6 prosperous years! |
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