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According to the latest shipping market review from Danish Ship Finance, “massive oversupply” in the container sector will plague the industry for another two years.

After that, things “might improve” – subject to a return of a supply-demand equilibrium – but the road to higher rates is expected to be “long and bumpy”.

The report is critical of an industry that “continues to plan for the future as if past patterns still apply”, and argues that the global shift in manufacturing to ...

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