Subscribe to RSS feedAsia-Europe rates worst
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solerm
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Jun 05, 2009 03:16 PM
FREIGHT rates for shipping containers from Asia to Europe halved in the early weeks of the year as lines were hammered by an unprecedented collapse in cargo volumes.
New industry figures show the Asia-Europe route was worst hit by the sudden drop in trade that precipitated a price war, with westbound rates in January falling to 45% of the 2008 average, according to the European Liner Affairs Association,...
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