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Trade deal will not save Pacific container market

The US and China's phase-one trade deal is not sufficient to boost volumes in the Pacific, writes Alphaliner. The important tradelane is still expected to see its first decline in a decade.

Photo: Aly Song/REUTERS / X01793

The new and long-awaited trade deal between the US and China will not be able to sufficiently boost eastbound container volumes across the Pacific, writes Alphaliner, emphasizing that the important tradelane is still expected to experience its first annual decline since 2009.

The number of eastbound containers across the Pacific in 2019 is expected to land at 15.7 million teu, a 2.4-percent decline from 16.1 million teu last year.

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