ShippingWatch

UASC projects full-year deficit for 2015

Following Maersk Line's massive downgrade of its full-year 2015 forecast, the carrier's biggest global competitors are now following suit. One of the most expansive carrier's right now, United Arab Shipping Company, tells ShippingWatch that its bottom line is certain to finish in the red.

Photo: UASC

The container industry is about to release a string of interim reports which all look set to be severely impacted by the historically low rates and far too many ships sailing the world seas with far too few containers on board.

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