Subscribe to RSS feedTroubled times in paradise
The global financial crisis is having a disproportionate impact on Pacific islands economies, although resource-rich Papua New Guinea is faring better. For shipping lines, business is down, competition is up and there’s not much optimism on the horizon, reports Dale Crisp
PAPUA New Guinea and Pacific islands trades are traditionally both volatile and variable and generally home to hard-nosed loyalists dedicated to long-standing relationships with customers and fleet-footed management alert to constantly shifting requirements.
But the sheer scale of changes announced...
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