OOCL results point to loss of market share
Elevated freight rates over the course of last year nearly doubled Hong Kong-based Cosco subsidiary ...
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By Mike Wackett
The container industry’s financial struggles are set to continue as it contends with supply and demand imbalances “for years to come”, according to the 2015 Container Shipping Outlook report by management consultant AlixPartners.
The US-headquartered firm reviewed the 2014 financial results of 15 publicly-traded carriers and noted that the rate of decline of the container shipping industry moderated last year after it had “grappled with financial distress for much of the past decade”. But it added that “these results were not ...
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