Independent journal on economy and transport policy
08:38 GMT+2
Not smooth sailing yet for container shipping
(Business Times - Malaysia)
December 7, 2009
By Kang Siew Li
Business Times - Malaysia
The global container shipping market will remain tough next year and is unlikely to see a return to healthier sustained revenue and volume growth until at least 2011, shipping analysts say.
Many analysts are predicting minimum growth next year at best.
“This year will be the worst-ever year for the market with no growth. Shipping lines have cut capacity, laid up vessels and scrapped older ones earlier, (and) combined services, but are still losing money,” Shipping Association of Malaysia chairman Ooi Lean Hin told Business Times ...... Read more on Business Times - Malaysia
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