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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
Thursday, March 5, 2015 - 05:50

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

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