Transport industry 'will feel pain in 2012'

Help

The transportation industry has been suffering as a result of Europe's debt problems.

According to the German bank DVB, which provides financing for shipping and aviation companies, world trade may shrink by a third.

Its chairman and CEO Wolfgang Driese told Rico Hizon that the situation is unlikely to improve until much later this year.

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.