Reports

The Zombie Ships: Looming Doom?

December 01, 2017

Last year, with little coverage from major media or notice by many analysts, the world shipping industry entered dire straits and slipped into a dangerous and unprecedented decline. It later stabilized, but for a moment there we thought we were witnessing the start of the biggest economic downturn since the financial crisis of 2008. We now know that the historic decline was a direct result of China’s economic slowdown of 2016, but there are other factors at work here.

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