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Box lines braced for transpacific rates cuts
But NOL’s Widdows warns that excessive price falls will threaten the future of some carriers
Janet Porter - Wednesday 4 March 2009
NEPTUNE Orient Lines chief executive Ron Widdows has broken ranks by openly acknowledging that shippers will obtain lower freight rates from ocean carriers during the forthcoming round of annual transpacific service contract negotiations.
In an industry that each year routinely calls for higher rates regardless of market fundamentals, Mr Widdows h...
