Shipping industry suffering from oversupply of containers
China Daily | Updated: 2011-10-20 07:53
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Ships on the world's two busiest trade routes, Asia to Northern Europe and Asia to the Americas, are only about 85 percent full at the moment. Eric Taylor / Bloomberg |
COPENHAGEN / OSLO - The container industry may be facing half a decade of oversupply that will curb freight rates as shipping lines launch vessels into a global trade slowdown.
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