Subscribe to RSS feedMore need to exit the box sector – warning
by
Marcus Hand, Singapore
—
last modified
Jun 11, 2009 12:48 PM
SOME container lines may be forced to drop out of the industry given the huge number of new vessels to hit the market in the coming months, warns logistics company GAC.
Although the plunge in container volumes appears to have bottomed out, GAC vice-president Bill Hill said challenges remained concerning vessel supply.
GAC saw its sea freight volumes drop 26% in the first quarter of this year compared with the...
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