RCL takes third-quarter hit on plunging freight rates
Freight income fell 8% despite a 9% rise in liftings, and average freight rates were 15% lower. Total revenue fell 8% on the ‘bearish freight rate’. The line’s losses widened
The intra-Asia trade’s strong potential for growth has attracted new players and intensified competition. The downside of this competition is that it has resulted in depressed freight rates
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