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SINGAPORE AND THE PHILIPPINES ARE CASHING IN ON SHIPPING
Posted by julian on March 25, 2009 in Economy
With international trade now in double digit percentage decline, as ships unload their last cargoes they head back to Asia in ballast to await their fate. And Singapore and the Philippines are welcoming them with open arms because it is a lucrative business. Already over a thousand large container ships are anchored in their ports. [...]
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