Debt-plagued container lines may opt for government bailouts

The South Korean government's bailout for its shipping industry is perhaps just the first to come, as the economic downturn gathers speed. OECD fears that several of the already debt-ridden container lines may ask governments for help.

Photo: Tanja Carstens Lund/JPA

A few days ago, the South Korean state offered the country's shipping sector a considerable bailout package, to help the maritime companies withstand the economic downturn triggered by the coronavirus.

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