Drewry warns of US$25bn liner black hole
Maritime consultancy group Drewry has added to the gloom on global container volumes for 2009, revising this year’s -5.3% teu forecast throughput to -10.3%, with minimal growth in 2010.
Drewry’s liner shipping director Mark Page has warned that the global supply chain is under threat, with shipping lines haemorrhaging cash and facing a US$25bn financial “black hole” this year.
He told an industry audience in Germany that 2009 “will be...
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