Independent journal on economy and transport policy
01:35 GMT+2
Big jump in rates expected on Asia-US trade
(Shipping Times)
October 12, 1998
But conference lines on transpacific route will still not be able to cover costs of trade imbalance
By Marcus Hand
[SINGAPORE]
The next round of freight rate increases eastbound on the trans-Pacific trade from Asia to the US are likely to be "significant", but still will not cover the costs to shipping lines of the trade imbalance.
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