Transpacific contract rates rise on Trump’s fickle policies
Shippers exasperated with the constant flip-flops in the Trump administration’s trade policy have agreed to ...
© Jordan Tan | Dreamstime.com - Wan Hai Lines cargo ship travelling near Changi
Growing volumes between China and South-east Asia propelled first-quarter intra-Asia container trade figures.
However, shipping lines are struggling to capitalise as freight rates remain low despite modest gains.
According to Drewry, provisional Q1 intra-Asia data from Container Trade Statistics shows a “prodigious” 23.5% year-on-year jump to 10.8m teu.
“All the more remarkable, said the analyst, “as the same data source tells us that this follows zero growth in [full-year] 2016 when intra-Asia box volumes closed on 39.2m teu.”
Trade between China and South-east Asia was the ...
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