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Wall Street Journal

Excess of Shipping Capacity To Drive Down Ocean Freight Rates

The Wall Street Journal discusses ocean shipping, citing a BCG report that found that "shipping capacity will outstrip demand by between 8.2% and 13.8% in 2020, compared with a 7% gap today." BCG's Camille Egloff added that shipping lines are continuing to invest in larger vessels in order to keep up with demands and cut costs.

Wall Street Journal
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