Nov 17, 2010
Comments of Federal Maritime Commissioner Rebecca F. Dye at the Northeast Cargo Symposium in Boston
During the economic downturn, U.S. importers, exporters, and ocean carriers, like every other sector of the global economy, faced the most significant economic challenges of at least a generation. During 2009, U.S. liner exports fell by 14 percent and imports fell by 16 percent. Freight rates plummeted as carriers laid up over 575 vessels worldwide.