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Moody's: Chinese ports face fierce competition

Chinese ports can look forward to increased competition, decreasing cargo volumes and higher labor costs over the next two years, says Moody's in a new report.

The Chinese ports face two years with fierce competition, according to a new report from rating bureau Moody's.

Moody's points in particular to the slowing coal and iron ore import as a challenge to the country's ports. The lower dry bulk volumes mean that the ports will have to increasingly compete with neighboring countries for other types of cargo, including containers.

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