A lack of demand for container shipping often serves as a bellwether for international trade, so...
A lack of demand for container shipping often serves as a bellwether for international trade, so bleak forecasts (I, II, III) from Maersk (AMKAF.PK), Frontline (FRO -13.8%) and Teekay Tankers (TNK -2.8%) do not bode well for a global economic recovery this year. For the shippers, demand rising at about half the rate that new vessels are adding to capacity means a rough year ahead.
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