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20 February 2020 The on-line newspaper devoted to the world of transports 04:11 GMT+1

January 22, 2002

Demand slump hits shipping sector

LONDON - Shipping lanes, the arteries of world trade, are clogging up as widespread economic ill health depresses consumer demand for finished goods.

'Container shipping is in crisis,' London shipbroker Howe Robinson said in its latest report. 'Never before have the forces of supply and demand conspired so aggressively to undermine the various marketplaces.' ......
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