Global container trade still strong, but front-loading not the cause
Global container traffic in January continued to show underlying strength, according to recently released figures ...
By Sam Whelan
India suffered a “broad-based” slowdown in import-export trade in 2019, according to Maersk.
Steve Felder, managing director for Maersk South Asia, says last year’s global dip in container demand, combined with domestic challenges to India’s economy, impacted the country.
“This is aligned closely with the weaker domestic demand, tight liquidity and working capital, as well as a reflection of the overall cyclical weakening of the economic environment in all the main global economies,” he added.
Weakening container demand was highlighted in Maersk’s third-quarter ...
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