News / As major lines move in on intra-Asia trades, regional carriers feel the pressure

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Increased competition and vessel cascading on intra-Asia trades has led to rock-bottom freight rates and plunging profits for regional carriers.

Charlie Chu, executive vice president of Thai-based intra-Asia specialist Regional Container Line (RCL), said freight rates were declining every year.

“Ship upsizing in intra-Asia trade is quite ...

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