Independent journal on economy and transport policy
01:37 GMT+2
Shipping gets that sinking feeling
(Evening Standard)
June 10, 2009
Anthony Hilton Evening Standard
When the world economy tanked last year and global trade juddered to a halt, nothing fell further or faster than freight rates in the world shipping industry.
And within that mix of container lines, tankers and dry bulk cargoes such as iron ore, it was, not surprisingly perhaps, this last one that fared worse. In little more than six months, it fell by more than 90% ...... Read more on Evening Standard
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