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28 May 2020 The on-line newspaper devoted to the world of transports 00:29 GMT+2

January 21, 2002
(posted Jan. 18)

Shipping lines predict huge losses unless rates rise

By Keith Wallis

BOX shipping lines, such as the Tung-family controlled Orient Overseas Container Lines (OOCL) and mainland firm Cosco Container Lines (Coscon), face losses of about US$2 billion (HK$15.6 billion) over the next 12 months.

The warning, by the Transpacific Stabilisation Agreement (TSA) - a group of 14 of the largest transpacific carriers including ......
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