News / ASL and Zim reduce Australia exposure after freight rates plummet

ASL Hong Kong. Photo: VesselFinder

05/04/2023

Intra-Asia carrier Asean Seas Line (ASL) and Israeli liner Zim are reducing their exposure to the China-Australia tradelane after freight rates plunged to less than 10% of levels a year ago.

China-Australia rates are averaging just $318 per teu, 91% down from $3,712 in April 2022.

ASL ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.

Current subscriber

New subscriber