Oct
10
Funky Town, from Stefan Jovanovich
October 10, 2008 |
An "old news" addendum: last year, the spot price for a container shipment from Asia to Europe was $2,800. This week it was $700.
"That rate is 'unsustainable,'" says Eivind Kolding, chief executive of Copenhagen-based A.P. Moller Maersk AS, the world's biggest shipping company by sales. (From WSJ Online today)
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