Global Economic Downtown Impacts Shipping Industry

NEW YORK, NY - AUGUST 22: A fully loaded cargo ship heads into New York Harbor on August 22, 2016 in New York City. The continued global economic slowdown, especially the financial difficulties in China, have hurt profits in the global shipping business. With growth in the industry expected to be near zero this year, hundreds of cargo ships are being sent to the scrap heap prematurely in an effort to cut capacity and raise prices for shipping. (Photo by Spencer Platt/Getty Images)
NEW YORK, NY - AUGUST 22: A fully loaded cargo ship heads into New York Harbor on August 22, 2016 in New York City. The continued global economic slowdown, especially the financial difficulties in China, have hurt profits in the global shipping business. With growth in the industry expected to be near zero this year, hundreds of cargo ships are being sent to the scrap heap prematurely in an effort to cut capacity and raise prices for shipping. (Photo by Spencer Platt/Getty Images)
Global Economic Downtown Impacts Shipping Industry
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Credit:
Spencer Platt / Staff
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594328486
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Getty Images News
Date created:
August 22, 2016
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