Thursday, June 3, 2010
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Report: Container-shipping to grow 6 to 8 percent by year’s end
Container shipping volumes are expected to rise only six to eight per cent by the end of this year despite companies in the industry showing double digit growth in the first quarter.
Experts said trans-Pacific routes and those between Europe and Asia are likely to slow the most while intra-Asia services remain stable.
Container shipping seems to be coming back after a tough 2009. According to shipping consultants Drewry Maritime, volumes have risen some 40 per cent on-year in the first quarter of 2010.
Market watchers said that's largely because of last year's low base.
But they said, going forward, there are still risks like Europe's debt crisis and unemployment in the US, which may affect consumption.
-Channel News Asia
For the full story: www.channelnewsasia.com
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