Subscribe to RSS feedFurther container rate rises unlikely this year despite uptick, says Cosco
by
Hui Ching-hoo, Hong Kong
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last modified
Oct 02, 2009 10:13 AM
CHINA Cosco Holdings, the listed arm of China Ocean Shipping (Group), said its container business had seen some recovery in freight rates, but was unsure there would be further increases.
Although the company has raised container freight rates over the past three months, it said they had not returned to last year’s level.
China Cosco Holdings board secretary Zhang Yong-jiang said the group had already increased container freight rates...
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