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Drewry said that, if the current situation continues for the industry across the full year, carrier income would shrink by some USD 29 billion against 2015.
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Source: World Maritime News August 15th 2016 As the container industry revenues are contracting faster than carriers can cut costs, the shipping consultancy Drewry said that prolonged losses in the container shipping industry are likely to lead to more container merger and acquisition activity or more industry consolidation among carriers.
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