Drewry: Rate collapse on intra-Asian services
Freight rates on the intra-Asian container services, which not long ago were very stable and lucrative for shipowners, have now collapsed and dropped to the lowest level in four years.
BY OLE ANDERSEN
Container rates on the Intra-Asian services, which just a few years ago were seen as a flourishing area of growth, have now dropped to the lowest level in four years, says analyst agency Drewry in its weekly Container Freight Rate Insight.
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