That Sinking Feeling Global Crisis Hits Shipping Industry Hard

Shipping benefits from globalization more than almost any other sector. But this has also made it more vulnerable to the global economic crisis. Freight and charter rates have plunged, jobs at shipping companies are being cut and many ships are being parked for months at a time.
A container ship is loaded in Hamburg, Germany.

A container ship is loaded in Hamburg, Germany.

Foto: Getty Images
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