Six out of the top 10 carriers have now sought state aid since the start of the coronavirus pandemic
News yesterday that Pacific International Lines (PIL) is seeking a de facto state bailout has brought into sharp focus the financial viability of the container shipping industry as a whole, having made paltry profits for a decade and now faced with a historic drop in demand thanks to Covid-19. Singapore-based PIL revealed on Tuesday that … Continue reading Six out of the top 10 carriers have now sought state aid since the start of the coronavirus pandemic
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