THERE are signs of improvement as rates recover despite disappointing first half volumes from Asia to North Europe that are at odds with other booming markets, reports the American Journal of Transportation
THERE are signs of improvement as rates recover despite disappointing first half volumes from Asia to North Europe that are at odds with other booming markets, reports the American Journal of Transportation. That's the cheery view arising from maritime analysts as they look at new numbers from London-area Container Trade Statistics (CTS) as westbound demand declined 1.6 per cent year on year in the second quarter, following on from an upwardly revised 1.8 per cent gain in the first three months.
Revised data shows that container shipments from Asia to North Europe in the first six months of 2018 were almost identical to the first half of last year at nearly 4.9 million TEU.
According to the new numbers from CTS, westbound demand declined by 1.6 per cent year-on-year in the second quarter, following on from an upwardly revised 1.8 per cent gain in the first three months.
