While saving the average of 7 percent decrease in Middle East ship trade, container contract rates

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Last year, the shipping industry and declining demand for ships has created difficulties to continue at an attractive purchase conditions. uasc'n Chairman Jorn Hinge had predicted would be lost with a total of 12 billion dollars from 15 billion dollars in the industry. Hinge, saying that in 2009 a terrible year in terms of volume has increased 20 percent contraction while living on the other hand vessel capacity was added.
While saving the average of 7 percent decrease in Middle East ship trade, container contract rates in sharp decline that it occurred and that a year ago, four thousand containers with a capacity of a ship's daily 40 thousand dollars to seven thousand dollars falls were recorded in the report. That these conditions began to improve plugin container in the 3rd quarter and announced plugin container that some of the ships began to stand idle at various ports. 4th expansion in container volumes in the quarter from occurring in the Asia-Europe route uasc'n laughing face slightly and thus conditions persist in this way, they can now explain the damage to land this year. On the other hand, it did not show improvement in Asia was announced as the Asia-Europe route and other routes in the Middle East routes. Largest company with UASC between plugin container Arab companies, 50 ship fleet and with the container top 20 in the world with rental ship shipping firm in the ground, while the firm's six partners plugin container are Bahrain, Iraq, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates.
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