Independent journal on economy and transport policy
01:41 GMT+2
Shipping Industry Slows As Trade Drops
(The New York Times)
July 30, 2001
(posted July 28)
By Reuters
LONDON (Reuters) - The giant containerships, which act as a floating conveyor-belt for international trade, are struggling to maintain volumes in the face of global slow down, shipping analysts said.
"The continued recession environment will act as a plague on the markets," said a recent report by the New York-based Commonwealth Group. ...... Read more on The New York Times
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