Outlook for carriers seen worsening on overcapacity, debt

Carriers began the year emboldened by improving freight rates in the wake of the tighter capacity caused by the collapse of Hanjin Shipping last autumn, but any optimism has faded as rates slid in the months since then, sapping liners’ demands for higher contract rates, according to consulting firm AlixParters.
Hopes… Source: http://www.joc.com

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