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Global shipping industry faces shake-up as private equity unwinds bets

Weaker Chinese demand, ship glut have driven down freight rates and caused firms to idle vessels

Singapore

AS global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate a restructuring of the shipping industry.

Private equity invested tens of billions in global shipping after the

sentifi.com

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