Shippers slam state aid grants

Shipper lobby group The Shippers’ Voice has hit out at shipping lines being granted state aid, claiming it sends out the wrong message to the industry.

MD of The Shippers’ Voice Andrew Trail said that shipping lines were facing problems because vessel owners had purchased too many ships in the past.

He said: “It wasn’t that long ago that such people were making obscene amounts of money! It was the prospect of huge returns on investment that fed the frenzy of new ship orders, not a careful consideration of what the market needed."

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