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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