Without an uptick in rates, ocean carriers are facing a $5bn annual loss, warns Drewry

15/08/2016

Container lines are enduring a “severe revenue contraction”, said Drewry, after the first six-month turnover figures reported so far by carriers were down an average of 18% on the same period of 2015.

Sales are contracting faster than carriers can cut costs, and unless there is a significant uptick of ...

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