Container Shipping Industry in Crisis as China Demand Caves

Container Shipping Industry in Crisis as China Demand Caves
Shipping containers at a port in Lianyungang, Jiangsu Province, China, on Sept. 8, 2018. China Out/Reuters
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News Analysis
Moody’s Investors Service downgraded the container shipping industry’s solvency to “negative” and warned that cash flow may fall by 30 percent as China demand caves.