By the end of 2016, there will be four fewer container lines than at the start of the year after one of the most tumultuous years in the history of containerisation. But that is just the start, with the three Japanese lines finally agreeing to integrate their container businesses from 2018 after struggling with mounting losses. Shareholder patience finally cracked and usually deep-pocketed, state-backed investors decided they had had enough of bailing out carriers, with the prospect of facing several more years of losses before any recovery.
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