When retailers cut inventory, the freight shipping industry scaled back.
shipping industryLittle Cargo, Loads of DebtNYT > Business Wed, 11/11/2009 - 20:53
As ship owners confront plummeting charter rates from a 25 percent drop in global trade, fears have increased about the recovery of European banks with large shipping industry portfolios. DP World says business at ports drops 10 pct in 1HNewsvine - business Thu, 07/30/2009 - 09:32
Cargo handler DP World said Thursday business at its ports dropped 10 percent in the first half of 2009 as the shipping industry struggles through its worst slump in memory because of the global recession. |
