The globe’s longest-lasting and largest cycle of ship building finally began to slow in 2012, UNCTAD’s Review of Maritime Transport 2013 reveals, but the effects of overcapacity are still being felt. Shipping rates remained low, threatening firms’ profitability, even as the volume shipped last year increased by 4.3 per cent. Driven by rising domestic demand in China and by
WORLD SHIPPING
06 December 2013 - 00:00
UNCTAD: Review of Maritime Transport 2013 released
The globe’s longest-lasting and largest cycle of ship building finally began to slow in 2012, UNCTAD’s Review of Maritime Transport 2013 reveals, but the effects of overcapacity are still being felt. Shipping rates remained low, threatening firms’ profitability, even as the volume shipped last year increased by 4.3 per cent. Driven by rising domestic demand in China and by
WORLD SHIPPING
06 December 2013 - 00:00
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