Rough sailing for container freight
By Keith Wallis
SHIP charter rates are set to fall between 8 per cent and 15 per
cent this year compared with 2001 as overcapacity and the global
economic downturn adversely affect shipowners.
Nigel Gardiner, Drewry Shipping Consultants managing director,
said: "Freight rates are still under considerable pressure with
no improvement before 2003."
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