|HEADING FOR MORE LAY-UPS|
Friday 22 July 2011
What do lines expect? They are looking at growth rate ex-Asia and seem to forget that several European economies are shaky, and we have probably only seen the beginning of the euro problems with weakening buying power etc.
Add to this, the next-to-irresponsible newbuilding programme that every line has embarked on and no wonder rates lie where they are – and will remain so for quite some time, until owners put vessels in lay-up to ease the overcapacity.
|Federation of Malaysia Freight Forwarders|
|International Federation of Freight Forwarders Association|
|Asean Freight Forwarders Association|
|Federation of Asia Pacific Air Cargo Associations|