TPM: Weak Asia-Europe rates don't mean it's a weak market
The recent spot rate weakness on the main east-west container should not be mistaken for ...
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New data from Container Trade Statistics (CTS) shows global container traffic in May hit a new monthly record, largely propelled by a double-digit year-on-year increase in the vast intra-Asia trade.
According to CTS trade data for May, which counts all loaded containers shipped on the world’s shipping lanes, intra-Asia volumes grew 14.4 % year on year, to reach just over 4.5m teu.
And CTS’s Far East-North America component, including both US east and west coasts, showed a 5.9% year-on-year increase in volumes, ...
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