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Gloom and doom in shipping

A deepening slump in commodities put an end to a five-day rally in global stock markets and dragged down currencies of raw-material-producing nations.

WITH the eurozone in crisis over Greece and China's stock market heading south, it would be nice to come across some reassuringly good news about the shipping industry. Sadly, there is little comfort to be had from the latest Shipping Confidence Survey from Moore Stephens.

According to