Red tape and emissions trading: ETS hits non-EU shipowners hard
Asian shipowners are likely to be hit the hardest by the cost of the EU ...
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By Alex Lennane
Transport and logistics companies in Thailand are watching their growth forecasts sink as the political unrest impacts exports and trade, writes the Bangkok Post. Land transport has been particularly affected, with SMEs expected to lay off staff following congested traffic at border checkpoints. Laos and Cambodia are thought to be switching to imports from China and Vietnam, helping depress expected growth rates. The transport sector registered zero growth in the first quarter, meaning it will likely grow by 3% in the year rather than the forecasted 5%.
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