WITH every major barometre that measures the maritime industry weakening in the last few months due to the sluggish global growth, it will just be a matter of time before the tsunami hits our shores. Container freight rates for the Asia-Europe route have fallen due to slower demand from the US and Europe. Transpacific Stabilization Agreement (TSA), a research and discussion group of 15 major container shipping lines, reported a 6.9% year-to-date drop to 3.07 million 40-foot containers in Asia-US...
Full Story: The Star
