Intra-Asia rates resist surging first quarter trade growth
Tan Cang Cai Mep International Terminal in Vietnam. Credit: TCIT
Container trade within Asia in the first quarter jumped by 23.5 percent year-over-year to reach 10.8 million TEU after zero growth in 2016, but the rapid growth was not reflected in freight rates.Average intra-Asia spot rates are just beginning to show…
Intra-Asia rates resist surging first quarter trade growth
Journal of Commerce