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Global shipping lines recovering from downturn

A massive consolidation is underway in the US$500 billion industry and the survivors now enjoy big economies of scale, increased demand and lucrative rates

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Shipping rates are climbing, and an index tracking cargo rates on major routes from Asia is about 22 per cent higher than it was a year earlier.

Singapore

THE hulking container ships that transport sneakers, bananas and barbie dolls around the world keep getting bigger. So are the companies that own them.

A massive consolidation is underway in the US$500 billion industry and the survivors now enjoy big economies of scale,

sentifi.com

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