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International Transport Forum warns governments to be careful bailing out debt-laden carriers

The International Transport Forum (ITF), which works under the auspices of the Organisation for Economic Co-operation and Development (OECD) in Paris, is set to lock horns with the liner community once again, issuing a 10-page report on 29 April 2020 cautioning governments from rushing to bail out debt-laden carriers in the coming months.

The cumulated debt of 14 major container carriers has reached $95bn by the third quarter of last year, a figure that stood at $76bn in 2010, according to data carried in the report.

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