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Severe rate instability in the maritime environment, while not unfamiliar, will be significantly increased for the foreseeable future. We should expect to see freight volume remain flat with the dominance of uncertainty in both the American and European markets. That has already been enough to trigger aggressive price making, while
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Peter Tirschwell
It seems to be common knowledge among carriers that the market could turn dramatically in their favor by 2014 due to dearth of ship orders
May 23, 2012 4:12PM GMT
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