Subscribe to RSS feedGrim outlook for Asian container shipping
by
Roger Hailey, London
—
last modified
Nov 19, 2009 02:41 PM
THE OUTLOOK for Asia’s container shipping market remains “grim” due to “anaemic” western consumer spending in 2010, according to a forecast from Hong Kong-based HSBC Global Research.
“Even if trade rebounds, the industry faces a massive capacity overhang, with a record level of the fleet being idle and the imminent arrival of large new ships designed to sail the longhaul Asia-US/Europe trade routes,” the report entitled Asia...
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