Subscribe to RSS feedLiner shipping can't survive at current rates, says Kuehne+Nagel
by
Nigel Lowry - Lloyd's List
—
last modified
Jun 04, 2009 12:11 PM
Prospects for a liner shipping recovery remain gloomy with one of the world’s largest sea freight forwarders estimating a double-digit tumble in global container volumes this year.
Otto Schacht, head of seafreight at Hamburg-based Kuehne+Nagel, said the first three months of the year were “very negative”.
He said volumes dived 17% in the quarter, despite a March spike when consumer companies restocked before “they then put their foot...
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