The Indian economy is beginning to feel the freeze as the worst financial storm since the 1930s begins to thrash markets in the East. The financial crisis has begun to grip even the strongest Asian economies affecting all corporate sectors.
Those primarily dependent on the shipping industry, believing in their self-sufficiency, least expected to be victimized by the situation.
Credit crunch hits shipping
Container shipping, which enables the ferry of finished goods from electronics and toys to various perishable items, has taken a battering, especially on key routes from Asia to consumers in the West.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员。
Shardul Thacker is a partner with Mulla & Mulla & Craigie Blunt & Caroe in Mumbai.
Mulla & Mulla & Craigie Blunt & Caroe
Mulla House, 51 MG Road
Fort, Mumbai 400 001
India
Tel: +91 22 2204 4960, 2262 3191
Fax: +91 22 2204 0246, 6634 5497
Email: info@mullaandmulla.com