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You are here: Home Archive 2009 November Weekly Edition 5th November 2009 Cash crunch takes toll on owners as options dry up

Cash crunch takes toll on owners as options dry up

by Janet Porter, London last modified Nov 05, 2009 03:17 PM

CONDITIONS in the container shipping industry are going from bad to worse as cash flow starts to dry up.

Industry insiders are warning that the year-long crisis is finally approaching some sort of cataclysmic point after months of phony war as major players desperately searched for a solution.
Time is fast running out as money haemorrhages from the...

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