Shippers face rough financial seas

Danish-based cargo-shipping lines say a return to growth is still a few years off, and that the wait may sink some of them. Last year alone, five of the country’s six largest shippers lost a combined total of more than nine million kroner. One firm, Torm, was taken over by banks last year, while another, J. Lauritzen, is seeking a capital injection to avoid a takeover. – Berlingske