HSBC has more bad news for Asian box shipping

The outlook for Asia’s container shipping market remains “grim” due to “anaemic” Western consumer spending in 2010, according to a forecast from Hong Kong-based HSBC Global Research.

  

Growth obstacle: Brakes still on the West's consumer spending as Asian container traffic remains subdued

"Even if trade rebounds, the industry faces a massive capacity overhang, with a record level of the fleet being idle and the imminent arrival of large new ships designed to sail the longhaul Asia-US/Europe trade routes," the report, entitled Asia...

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