Shippers must strategize fleet to stay afloat

Dec 07, 2011 | 12:55 PM | Corinna Petry

Tags  Robert Drew, Tata Steel, slow steaming, shipping, corinna petry

MIAMI — Demand for ocean freight has regained its footing following the economic crisis that shook the world, according to Robert Drew, general manager of logistics for Tata Steel International.

But in order to stay afloat, exporters must now strategically position their offshore fleets, Drew said at AMM’s Moving Metals Conference in Miami. "The market, in terms of opportunity, is dependent on where you have ships at any given time, with the Atlantic (trade) having fared much better than the Pacific. The glut of capacity in the Pacific is an....

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