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14 August 2020 The on-line newspaper devoted to the world of transports 06:36 GMT+2

May 30, 2001

Drop in freight rates linked to US economic slowdown, say officials

By Jimmy Yeow

FREIGHT rates for containerised cargo have plummeted between 10 and 15 per cent during the second quarter from the first three months this year, as countries in the region are beginning to feel the effect of the slowdown in the US economy.

Shipping officials contacted by Business Times said they dare not predict how low the rates will go and ......
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