Business, Logistics

Sinking Shipping Industry Eyeing Mergers to Stay Afloat

The global shipping industry is in the midst of a huge downturn, with weak demand engulfing it for the past few years. Experts acknowledge that the sector’s biggest hurdle is overcapacity, but the wave of mergers and acquisitions means the hard times will pass eventually.

Lin Wenjie | Asia News Network
December 2, 2016