Subscribe to RSS feedContainer volumes ‘to fall 10% by year’s end’
by
Nigel Lowry, Athens
—
last modified
Jun 11, 2009 12:48 PM
MORE gloom has been cast over prospects for a liner shipping recovery 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”.
Volumes dived 17% in the quarter, despite a March uptick when consumer companies restocked before “they then put their foot...
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