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The shipping industry a looks like it's in rough seas. Freight rates from China to Europe have...

The shipping industry a looks like it's in rough seas. Freight rates from China to Europe have sunk 39% since August due to weak demand and vessel oversupply, a trend that is on course to get worse as the order book for new ships represents 30% of the global fleet. Meanwhile, EU bank woes threaten the supply of trade finance.
Comments (1)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    That is quite a boom in ships....I wonder why it got so out of whack....I wonder if there are LOANS involved....probably
    1 Dec 2011, 10:48 AM Reply Like
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