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The Economist (September 22)

2016/ 09/ 23 by jd in Global News

“There is an easy way out of the crisis in shipping. If enough lines scrapped their ships, the amount of spare capacity in the industry would fall.” But this is easier said than done. Few players want to scrap enough of their own capacity. “Until some serious scrapping takes place, do not be surprised if more shipping lines declare bankruptcy.”

 

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