Independent journal on economy and transport policy
01:38 GMT+2
Rough sailing for container freight
(Hong Kong iMail)
January 11, 2002
By Keith Wallis
SHIP charter rates are set to fall between 8 per cent and 15 per cent this year compared with 2001 as overcapacity and the global economic downturn adversely affect shipowners.
Nigel Gardiner, Drewry Shipping Consultants managing director, said: "Freight rates are still under considerable pressure with no improvement before 2003." ...... Read more on Hong Kong iMail
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