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| 07:53 AM | ||
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| 07:53 AM | ||
Fitch cuts 2016 global shipping outlook to negative | |
| Anonymous Coward User ID: 70984605  Romania12/14/2015 03:20 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward (OP) User ID: 70984605 Romania12/14/2015 03:27 AM Report Abusive Post Report Copyright Violation | Gloomy outlook for Japan's shipping industry, says Tokyo research house TOKYO-based research firm Teikoku Databank Ltd is predicting that the number of Japan's shipping industry companies exiting the market may start rising again going into 2016 given that "cargo movements are expected to remain sluggish amid a slowdown in the China economy and a global ship oversupply is still continuing," it said. Teikoku Databank's warning follows the collapse of Daiichi Chuo Kisen Kaisha, a equity-method affiliate of MOL and mid-size Japan shipping firm, which filed for bankruptcy protection on September 29, leaving behind debts of JPY120 billion, after it was hit hard by the economic slowdown in China and higher fees to charter vessels. [link to www.seanews.com.tr] |
