The rate collapse on container routes between the Far East and Norther Europe in recent months, which is presumably causing all carriers to lose money, draws a bleak picture of an entire industry that has amassed a massive, total debt during the last five years. In an analysis of the industry's financial condition, the analysts at Drewry estimate that the container carriers' total debt since the beginning of the financial crisis has more than doubled, to an estimated USD 100 billion today.
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