Danish shipowners ‘deeply concerned’ about South Korean subsidies
South Korea announced plans to support the country’s shipping industry on the day that HMM took delivery of its first 24,000 teu boxship at a time of surplus capacity
Europe’s top two container lines have spoken out in the past about state subsidies for some of their competitors, which both distort the market and risk a boost to newbuilding activity that is not supported by demand requirements, so driving down freight rates
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