OceanX radar: Doom & gloom at the IMF; China's new plan; Bought in the US of A
Here comes the rain again
Faltering growth in China has led Panalpina to scale back its sea freight forecasts by 1%. While CEO Peter Ulber said he still expected the logistics company to outperform the market, he noted that the slowdown in China had already had an impact in Europe, although Panalpina had seen some minor growth.
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