World Trade and Shipping Rates Seen Falling in Statistics From China Fleet

by Benjamin Domenech on 11:00 am August 31, 2009

“Shipping rates, which already fell 59 percent from this year’s high, are retreating as the Organization for Economic Cooperation and Development predicts a 16 percent drop in world trade for all of 2009,” according to reports. “China’s State Council called for curbs on steel and cement production last week.”

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