New study raises threat of bankruptcies for container-shipping industry - 0 views
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Hayley Murdough on 08 Apr 14This article details how many container shipping industries are in danger of going bankrupt due to some fuel saving attempts and even attempts to drive up prices to increase profit. Due to these attempts, carriers lost $1.1 billion between 2007 and 2011. This could affect how goods are moved, and may drive up prices as more expensive modes of transportation are used. Since boats are the most cost-effective by distance, the problems of money in shipping could increase. I wonder if this will end up being an issue, or if the government or shipping industries will step up to reduced this problem. This could affect where companies place their factories. It is a largely situational issue.