the industry has been in trouble for couple of years and teuff did the right thing to reduce the amount of ship and pay the debt which adds to value to investors from now on. If, just saying IF there is a recession than teuff just need 1 or 2 ship to continue their operation throughout recovery and "recession". The economy is pretty much robust so it is a good sign. EU will recover from the political turmoil sometime next year, asian market is still growing steady and strong. TEUFF did the right thing.
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