Subscribe to RSS feedNOL distances itself from transpacific rate rise talk
by
Marcus Hand, Singapore
—
last modified
Jul 16, 2009 05:47 PM
NEPTUNE Orient Lines has cast doubt on planned rate increases on the transpacific trade, saying there was “no assurance” they can be successfully implemented.
In what would appear to be an attempt to distance itself from the Transpacific Stabilization Agreement’s announcement, NOL said in a clarification to the Singapore Exchange that media reports on the agreement’s planned rate increases stemmed solely from TSA’s statement....
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