News / Asia-Med box trades the only bright spot in the general downturn

Credit VesselFinder

Improved booking prospects show the Asia to Mediterranean tradelane is proving more resilient than the North European market, prompting the 2M Alliance to reinstate a voided sailing.

Moreover, the trade is more profitable, with Asia-Mediterranean container spot rates stabilising at twice those for North European ports, at between $3,000 and $4,000 per 40ft.

2M partner Maersk said today the 24,000 teu MSC Amelia, deployed on the 2M AE11/Jade loop from Asia to Mediterranean ports, would be “reinstated” and sail this week, due ...