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27 May 2020 The on-line newspaper devoted to the world of transports 23:49 GMT+2

January 11, 2002

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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