Financial Times, 22 Oct 2008, Robert Wright in London and John Burton in Singapore
Singapore's Neptune Orient Lines is to slash capacity on the most important trade routes in what is expected to be the first of many responses by container shipping lines to rapidly slowing demand.
NOL, the number seven container line, is making the cuts in conjunction with the other members of the New World Alliance, Japan's Mitsui OSK and Korea's Hyundai Merchant Marine.
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