Moby boss forecasts Mediterranean ferry casualties

The boss of leading Mediterranean ferry operator Moby Lines, president Vincenzo Onorato has warned that there will be casualties before the year is out in the western Mediterranean ferry trades , as the economic recession continues to hit consumer demand.

‘There are too many companies in the western Mediterranean and the law of the jungle is at work. I think a number of companies will not survive the year,’ said Mr. Onorato. Sphere: Related Content