Independent journal on economy and transport policy
15:35 GMT+2
Far East rates drop, with volumes up to the mark
(Cargoweb)
January 22, 1998
Since mid October rates in the trade from the Far East to Europe have declined by 20 per cent. For this year analysts anticipate a further drop by another 20 per cent, as a result of growing surplus capacity. Causes are the crisis in Asia and the continuing construction of new capacity. Anglo-Dutch container shipping company P&O Nedlloyd says it is little ...... Read more on Cargoweb
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