Alibaba.com, 22 Apr 009
SINGAPORE, April 21 - Ports operator PSA [PSA.UL] said on Tuesday a slump in container shipping trade has hit bottom but many ports are likely to face overcapacity and increasing competition before global volumes rebound.
"I'm quietly confident that physical trade in terms of containers has actually bottomed... and the trend moving ahead is likely to be positive," said Kuah Boon Wee, Southeast Asia chief executive of PSA International, which operates ports around the world.
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