Subscribe to RSS feedKolding predicts 10% decline
by
Jim Wilson
—
last modified
Jul 03, 2009 04:39 PM
MAERSK Line chief executive Eivind Kolding has reinforced grim market sentiment for the box trades by predicting that cargo volumes would drop 10% this year and show no sign of growth in 2010.
Following a recent interview featured in the Danish Press, Mr Kolding said last week that rates were now down to “record lows”, equivalent to those seen in the 1990s.
“Getting lower from this point will mean you have to...
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