Total container traffic between Asia and Europe has fallen by 21% in March.
Total container traffic between Asia and Europe has fallen by 21% in March, compared with the similar period of 2008. From April 1st 2009 all rates are to be icreased by $250-350 per 1 TEU, the Sea Bulletin reports, with reference to AXS-Alphaliner. Currently 24 container lines are in operation on routes from the Far East and Europe, 19 of these use Mediterranean Sea ports only.
19 lines have closed down since October 2008, whilst others have reduced volumes, most reductions have been suffered by New World Alliance and SKYH, (down 25% and 24% respectively).