Overcapacity during a period of slowing global economic growth has been a double hit for container and dry bulk shipping operators, resulting in plunging freight rates. China’s efforts to prop up its shipyards is contributing toward a record year for container ship orders that will keep the pressure on rates for probably the next four years, according to analysts. In dry bulk shipping, orders made several years ago that are still being delivered will worsen the sector’s oversupply.
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