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Maersk sees falling rates in bearish sign for trade
IMF forecasts growth in world trade volume to slow to 4 per cent in 2018 from a projected 4.2 per cent this year
Add BT as a preferred sourcePublished Mon, Dec 11, 2017 · 09:50 PM
Mumbai
THE world's largest container shipping line said that international freight rates are reversing after climbing for most of this year, raising questions about the sustainability of the global trade recovery.
Decade-old oversupply issues swamped demand for containerised sea trade in the third quarter, a senior official at Maersk Line Ltd said in an interview last week. Over 90 per cent of trade is routed through ships, making the industry a bellwether for the worldwide economy.
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