Posted on September 4, 2012

Germany controls almost 40% of the world market in container shipping, but many shipping lines over invested and now have mountains of debt and too many ships. Container volumes arriving in Europe fell drastically in June; imports fell 7.5% from North America and 9% from Asia.

Bulk freight rates have fallen by about 90% although container shipping rates have fared better, with owners being forced to lay up ships.

 

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