THE financial crisis and global recession have resulted in slumping trade, loss of consumer buying power as well as credit squeeze; in turn contributing to a slowdown in maritime financing. Nazery Khalid Maritime Institute of Malaysia (MIMA) senior fellow Nazery Khalid said the Wall Street meltdown and the resulting global economic panic had an adverse impact on trade-facilitating businesses - shipping, port operations as well as offshore oil and gas exploration and...
photo: WN / RTayco
