Independent journal on economy and transport policy
15:02 GMT+1
Shipping industry benefiting from low oil prices
(The Korea Herald)
November 8, 2001
The domestic shipping industry is benefiting from the fall in oil prices and interest rates, as the two trends are resulting in a huge reduction of expenses, industry sources said yesterday.
The six-month LIBOR (London inter-bank offering rate), which maintained an average rate of 6.6 percent last year, fell to 2.1 percent last month.
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