Financial Times FT.com

Asian shipping lines suffer heavy blow

By Justine Lau in Hong Kong and Robert Wright in London

Published: August 7 2009 05:31 | Last updated: August 7 2009 19:35

Two of Asia’s biggest shipping companies completed a grim week for the crisis-hit container shipping industry on Friday.

Both reported steep losses and one warned that the outlook for next year remained “challenging”.

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