Syscorp expects charter rates to remain under pressure

By JACK WONG

KUCHING: Shin Yang Shipping Corp Bhd (Syscorp) said overcapacity in the industry and weak demand will continue to pressure charter rates.

“The demand is not strong enough and everybody (shipping firms) is fighting for the cargo,” group financial controller Richard Ling told StarBiz when asked on the market outlook for the shipping industry.

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Business , Shipping , Shin Yang Shipping Corp Bhd , charter rates ,

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