Asia shipping firms mull mergers amid bleak 2017
Region's container lines are facing a prolonged trade slowdown and depressed freight rates
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Singapore
SWIM or sink: That is the message shipping executives in Asia are taking into the New Year.
Faced with a prolonged trade slowdown and depressed freight rates, the region's container lines are set for further consolidation after a year that has seen the collapse of South Korea's Hanjin Shipping Co, a mega merger among Japanese rivals and the sale of Singapore's shipping flagship.
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