"They have already hit zero," said Charles de Trenck, a broker at Transport Trackers in Hong Kong. "We have seen trade activity fall off a cliff. Asia-Europe is an unmitigated disaster."
More signs the worse is yet to occur.
Tuesday, January 13, 2009
Shipping rates hit zero as trade sinks
http://www.telegraph.co.uk/finance/4229198/Shipping-rates-hit-zero-as-trade-sinks.html
More signs the worse is yet to occur.
More signs the worse is yet to occur.
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