Europe’s container imports shrink as recession returns
Imports of containerised cargo into Europe shrank in May as the region’s debt crisis worsened, leaving carriers struggling to impose another round of freight rate increases.
Latest figures from Container Trades Statistics (CTS) show that volumes from Asia to Europe fell by 6.9% in May, compared with the corresponding month a year earlier, to just over 1.1m teu, with shipments to the western Mediterranean particularly hard...
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