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Everyone loses

Thursday, June 28, 2012

By Chris Gillis The dismal financial results in the container shipping industry may have started with the liner carriers, but it certainly doesn’t stop there. Only two of the 15 carriers analyzed by American Shipper in this year’s “Who’s Making Money” were profitable in 2011. These carriers lost a collective $5.9 billion last year, just two years after they lost $11.3 billion in 2009. And the slide has continued with the top 20 carriers losing upwards of $2 billion in ...

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