Subscribe to RSS feedA survival of the fittest as carriers face huge losses
by
JANET PORTER
—
last modified
Aug 27, 2009 04:59 PM
With deficits of US$20bn forecast this year, lines are struggling merely to survive, writes JANET PORTER
CONTAINER lines are heading massively into the red this year as cargo demand continues to shrink and tonnage supply grows.
The industry is under unprecedented pressure that looks set to get even worse in the latter half of 2009....
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