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You are here: Home → Archive → 2009 → Mar → 19 → Doomsday scenario for shipping

Doomsday scenario for shipping

by Obsidian — last modified Mar 19, 2009 12:00 AM

An apocalyptic vision of a future in which dysfunctional shipping markets trigger an outbreak of protectionism in trade and the creation of national fleets is outlined in a review of the current crisis by Consultants on Maritime Transport (COMT), an independent partnership.

The analysis provides one of the gloomiest assessments of the potential course of the shipping crisis to be placed in the public domain. COMT's team comprises four individuals, including the former senior shipping banker William (Tony) Cooper, who have had...

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