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Against the continued toxic mix of oversupply and weak demand, cash-strapped ocean carriers are being forced to consider every creative financial angle to boost balance sheets and keep the wolves from their doors.

In the case of state-owned Chinese carriers Cosco and China Shipping Container Line, asset sales have been the solution until now, but “selling family silver” is a short-term fix – a return to profitable trading is the only solution.

Like their rivals across the East China Sea, South Korean ...

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