Asia-Europe spot rates head for $20,000 per feu as new China Covid crisis bites
Ocean carriers are rolling out more rate increases next week, with FAK rates from Asia ...
It wasn’t so long ago that European exports to Asia mainly consisted of recycled materials such as plastics and pulp. But that is changing – and faster than one might expect – as more and more European countries and companies focus on serving Chinese consumers. While Asia-Europe trade is forecast to fall 3.3% this year, the backhaul leg will grow 5.5%, presenting something of a silver lining in what is otherwise an unrelentingly gloomy picture for Europe.
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Alex Lennane
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During August 2023, please contact
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