By Jonathan Yeung (HK Edition)
China COSCO expects a sustained recovery in global container freight rates and a strong market demand in 2007 despite fears of a capacity glut.
Describing the reason for its positive outlook, COSCO Chairman Wei Jiafu said at a shipping forum yesterday: "Rates hit the bottom in February, but started to recover from June, a situation likely to persist for now."
......
Read more on China Daily