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andrbea - Thu, 30 Dec 04 :


"Tsunami Boosts Prospects Of Thai Steel, Shipping Firms

Higher shipping traffic volume is also expected as building materials are transported for reconstruction purposes and as aid from the rest of the world is sent to the region. Thai shipping companies are therefore likely to benefit from rising freight rates, analysts said.

"Freight rates have been off peak for some time. With greater demand in sight, Thai shipping companies should be able to enjoy greater income from higher fares and traffic volume," said Kawee at Capital Nomura Securities. "


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