People are afraid these ‘zombie ships’ are the first sign of global economic collapse – Business Insider

People are afraid these ‘zombie ships’ are the first sign of global economic collapse
Business Insider
“What is damaging shipping is a zombie fleet, which accepts freight at maverick prices just to keep going,” Kidwell said. A zombie ship is one that can just about repay interest on its debts but has no hope of repaying the capital. The situation might …

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