Shippers Warn of Overcapacity, Cancel Scheduled Voyages, Announce Profit Warnings; Don’t Sleep in the Subway

(Before It's News)

by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis

Shipping is a strong indication on the health or weakness of the global economy. So let’s take a look at what’s happening.

World’s Largest Shipper Cancels 39 Voyages

The Wall Street Journal reports Maersk Line to Cut 4,000 Jobs as Market Deteriorates

The world’s biggest container-ship operator is altering course, slashing jobs and canceling or delaying orders for new vessels after years weathering a sharp downturn in the container-shipping market.

Continue Reading at GlobalEconomicAnalysis.Blogspot.com…

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