Trapped airline cash in Venezuela surges 27% to $3.3bn while GDP growth sinks
Venezuelan importers are not the only ones struggling to cope as dollars become increasingly hard ...
Shortly after this interview with shipping publication Fairplay, the Chilean container shipping line released its third-quarter results, which recorded a $46.7m loss. That notwithstanding, the company is continuing its strategy of attacking its cost base while freight rates remain as weak as they are. That strategy has also included a renewed focus on its core north-south trades – which have, unfortunately, become subject to some severe rate erosion as a result of larger vessels being cascaded off the main east-west ...
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