TITLE

Trade slowdown hits carriers

AUTHOR(S)
Thomas, Karen
PUB. DATE
March 2010
SOURCE
MEED: Middle East Economic Digest;3/19/2010, Vol. 54 Issue 12, p26
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the 2009 Maritime Report of the United Nations Conference on Trade and Development (Unctad). The report, which analyzes the state of the world shipping industry, reveals that 2008 was a turning point for global shipping as financial crisis brought an abrupt slowdown in trade growth after five years of growth. Falling demand for consumer goods, production cuts in the industrialised nations and lower demand for energy are few reasons cited for the slowdown in shipping trade.
ACCESSION #
49136781

 

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