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27 September 2020 The on-line newspaper devoted to the world of transports 05:14 GMT+2



DECEMBER 23, 1997

CONTAINER SHIPPING RATES FORECAST TO REMAIN UNDER PRESSURE

[LONDON]

Container shipping rates appear to have stabilised but are expected to remain under pressure as new shipping capacity is delivered, said Lazard Freres & Co.

The US investment bank said it saw the recent freight market decline bottoming out during 1988, although demand remains sensitive to the scale of the current Asian economic crisis.

Lazard ......
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