The outlook for the global container shipping industry is "grim," as carriers' finances continue to be strained and shareholder value erodes, according to a Drewry Maritime Equity Research Analysis that focused on Asian container liner finances. "The sheer collapse in Asia-Europe freight rates in the past two months shows how fickle the industry's demand-supply balance remains," said Drewry Senior Analyst Rahul Kapoor in a prepared statement.
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