Shipping industry faces tough times amid global slowdown
19 December 2012 Last updated at 00:44 GMT
The world's oceans are main trade routes, but fewer ships are sailing the seas because of the economic problems in the US and Europe.
The container shipping industry, widely viewed as a barometer of the world economy, has been particularly hard hit.
Leisha Chi spoke to the Asia head of Maersk Line, Thomas Riber Knudsen, who says things may continue to remain tough for sector in the year ahead.