Yang Ming 'under pressure' from shippers demanding contract rate cuts
Yang Ming chief operating officer Chang Chao-feng has admitted that, as spot rates fall, the ...
In not exactly good news for container lines hoping to fill their boxship behemoths this year, the International Monetary Fund yesterday lowered its 2015 growth forecast for the global economy from 3.8% to 3.5% in a largely downbeat report. It appears from the IMF’s comments that lower oil prices, which in general support growth, will be more than offset by “persistent negative forces” at work in the major economies of the world ? with the lone bright spot being the ...
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