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… Source: http://www.joc.com

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