Relentless deterioration meets stunning overcapacity.
There’s simply no respite.
But it “shouldn’t lead to an outright crisis,” like the Financial Crisis, “at this point in time.”
Just when you thought it couldn’t get worse…
Global recession watch: the cleanest dirty shirt gets dirtier.
“We could see relatively strong downward pressure” – Chinese government.
Down 45% from where it was during the Financial Crisis!
An ugly reflection of reality.
Something is going on in the shipping business – and beyond – to create this gloom.
“Rates in many Asia export trades are in a tailspin.” And here’s why.