Independent journal on economy and transport policy
08:36 GMT+2
Container profits sunk by new wave of superships
(Financial Times)
August 21, 2001
COMPANIES & MARKETS
By Juliette Jowit Ship owners are facing an age-old problem; a wave of new capacity at a time of sinking demand. Container shipping rates on the main routes continued to fall in the second quarter, according to figures to be published by Containerisation International.
The latest declines show the impact of massive new ships entering the market, especially ...... Read more on Financial Times
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