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MCC: Intra-Asia growth only half of what was expected

Maersk Line’s Asian feeder company MCC has had to realize that the intra-Asian growth in 2012 will be only half of what was expected when the year began. Read on to find out why the shipping company will still make a decent profit.

The growth of the intra-Asian feeder market will be significantly smaller in 2012 than operators, such as Maersk Line’s MCC, were expecting. At the beginning of the year, the most optimistic expectations were for a 10 percent increase in container traffic between the Asian countries, but following a drop in growth after the summer holidays, MCC has now lowered its expectations for the year to a growth of approximately half that size, of around 5-6 percent.

“Things were looking positive in the first six months, with growth rates of around 7-8 percent, but the growth has been much lower since July, all the way down around 2 percent in the third quarter,” says MCC CEO Tim Wickmann.

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