Drewry: Carriers gambled on new mega-vessels
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The major container carriers have many reasons to worry about the sliding demand on key trades between Asia and Europe, which is somewhat more serious than the large rate fluctuations and the current extremely low rate level, reports British analyst agency Drewry, stressing that the low demand in the first quarter 2015 exposes the carriers' risky investments in new ultra-large container vessels (ULCVs):
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