Asia/Europe Container Volume Increase

Lloyds list are reporting that container volumes on Asia-Europe trade recorded the highest year-on-year increase so far this year – jumping 10%. But they also report Maersk saying that current low rates are the result of carriers lack of capacity discipline. Rates certainly falling at a rate of knots – November GRI’s set at USD 900/TEU. Adds weight to an earlier post about the GRI process being flawed – very difficult for SME enterprises to factor in such huge swing either way to their supply chains.

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