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China dry-bulk shipping firms facing losses, liquidity woes

The industry is grappling with the worst downturn on record due to stalling demand for iron ore and coal from China and a global surplus of vessels.


CHINA'S dry-bulk shipping industry will likely see a surge in bankruptcies this year as freight rates hit record lows and the country's demand for imports wanes, consultancy Shanghai International Shipping Institute (SISI) said.

A number of firms have already gone bust...