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Virus outbreak could reduce already weak balances for shipping lines

Shipping companies with heightened leverage ratios and high short-term debt are particularly exposed in the current situation, where large amounts of container capacity are taken off the market during the corona crisis, writes Alphaliner.

Photo: PR / Cosco Shipping

The outbreak of coronavirus, which has spread from China to the rest of the world since the end of last year, has had major consequences for the global economy.

This has entailed that incredibly large amounts of container capacity have been taken off the market, which impacts cash flows and weakens already low balances, according to analyst firm Alphaliner.

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