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20 January 2019 The on-line newspaper devoted to the world of transports 11:50 GMT+1

October 27, 2009

Shipping industry may take longer to recover

By Wang Xiaotian (China Daily)

Though green shoots of recovery have started appearing in the global economy, the shipping industry is unlikely to emerge from the slump for the next two or three years, according to business executives and analysts.
“The global shipping industry will come out of the winter much later than most others,” said Qian Yongchang, head of the Chinese Transportation Association and former minister of communications ......
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