Independent journal on economy and transport policy
08:31 GMT+2
Shipper leases ships to bypass rate hikes
(Shipping Times)
June 21, 1999
[TOKYO]
Bridgestone Corp, Japan's largest tyre maker, said it will lease two South Korean ships to carry its tyres to North America in an attempt to bypass higher fees by Japanese shipping lines.
The company will next month ship a third of its tyre exports to North America using vessels of Heung-A Shipping Co. The switch will cut the tyre export costs by ...... Read more on Shipping Times
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