The fall of trade can doom the third of the world fleet
A third of the global trading fleet can break for two years, is predicted by the largest Thai shipping company Precious Shipping. The reason for this, according to the company, will be a collapse of world trade against the background of recession and tightening the lending conditions, Interfax reports. “The world banking system is destroyed. The Chinese stimulation plan will help restore trade, but it will not do it at once,” said Khalid Hasim, Chief Executive Director of Precious Shipping.