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You are here: Home → Archive → 2009 → Feb → 26 → Rates gloom

Rates gloom

by Obsidian — last modified Feb 26, 2009 12:00 AM

Morgan Stanley sees further downside to container freight rates over the next six months and said it is too early to buy box shipping stocks.

We think that all container shipping companies under our coverage will report losses in 2009, the bank said in a research report issued last week.

The bank viewed shipping companies' plan for Asia-Europe rate hikes in March/April as an indication...

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