The on-line newspaper devoted to the world of transports
06:38 GMT+1
September 13, 2001
Pressure mounts for smaller shipping lines to merge
By Jose Barrock
FREIGHT rates reduction from Peninsular Malaysia to Sabah and
Sarawak by 30 per cent over the last two years is expected to
activate a merger switch among smaller shipping lines in Malaysia.
Sources said the smaller shipping companies need to consolidate
to reduce their operating costs and beef up their strength so
that they do not lose out
...... Read more on Business Times - Malaysia
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