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Drewry
Shipping Consultants have further
revised downward the outlook for
liner shipping next year.
Citing
the attacks and subsequent 'threat
of war which now hangs over the
world', Drewry is now projecting
container traffic to grow by just
3.9 per cent this year and 5.3-5.9
per cent next year.
Prior
to the September 11 attacks,
Drewry was forecasting a growth of
7.4% for 2002.
It
also noted that the US economic
slowdown has put a brake on cargo
volumes on the main liner trades.
“But
stalling demand is only one of the
issues at work in the global liner
industry,” said Drewry, noting
orders for new container ships are
at record levels with capacity
expected to grow by 13.6 per cent
this year and 14 per cent next
year, far outstripping demand.
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