Shipping industry plagued by oversupply in cargo, container segment, says firm


Challenging times: Hubline says oversupplying has resulted in stiff competition and freight stagnation in the industry.

KUCHING: As the shipping industry sees brighter prospects in dry bulk cargo transportation, its container cargo sector remains plagued by oversupply.

According to shipping firm Hubline Bhd, dry bulk shipping continues to look promising as the company’s fleet enjoys full capacity, with the strong demand expected to be sustained for the remaining part of this year.

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