Stormy seas ahead for shipping industry

ReutersNewsPublished: February 22, 20164 views
Published: February 22, 2016

A dearth of cargo as China's economy grows at its slowest pace in 25 years means business for bulk ships, which cost about $4,000 a day to operate, has ground to a halt. As Tara Joseph reports at least ten dry bulk carriers are lying idle off the coast of Hong Kong on one of the world's busiest shipping routes.

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