Subscribe to RSS feedMore box lines set to fail
by
Janet Porter, London
—
last modified
Jul 09, 2009 04:33 PM
CORPORATE casualties among containership owners and operators now look a racing certainty, with Drewry Shipping Consultants anticipating more failures before the end of the year after Eastwind Maritime’s recent collapse.
Despite some success in pushing up freight rates this month, the industry is still staring at a collective loss of catastrophic proportions because of a massive slump in revenues that cannot be offset by cost savings.
Drewry expects box...
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