Subscribe to RSS feedContainer lines are sailing deep into the red
by
Janet Porter, London
—
last modified
Jul 03, 2009 04:39 PM
TOP container lines could see US$50bn or more wiped off their combined revenues this year as conditions continue to deteriorate, industry experts predict.
A new forecast from shipping analyst Alphaliner puts the anticipated drop in revenue from 2008 levels at US$40bn-US$50bn.
This is broadly in line with Drewry Shipping’s projection of a US$55bn collapse in revenue from last year’s income of US$220bn,...
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