SHIPPING DISPUTE
BATTLE FOR INDIAN TRADE FREIGHT RATES SLASHED NZPA—Special Correspondent Rec. 8 p.m. LONDON, Mar. 28. As a result of a freight war between the United Netherlands' Shipping Company, one of the most, powerful of the Dutch shipping lines, and the other members of the International Association of Shipowners, known as the Shipping Conference, charges for freights carried between India and Continental ports have been slashed by 85 per cent. The United Netherlands Shipping Company withdrew from membership of the Shipping Conference following a dispute over the allocation of freights between India and Dutch,, German, and Belgian ports. The Dutch line claimed that other members of the Conference, chiefly British owners, were trying to appropriate too 9 large a share of the Indian trade.
Early this week, after a series of competitive reductions, Dutch shippers cut their freight rates to only 15 per cent, of normal charges, whereupon the other members of the Shipping Conference reduced their rates to 10 per cent. An official of the Dutch line said that his principals would continue the war “to the bitter end.”
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Otago Daily Times, Issue 27042, 29 March 1949, Page 5
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181SHIPPING DISPUTE Otago Daily Times, Issue 27042, 29 March 1949, Page 5
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