Asia-Europe box traffic steadies

Container volume declines on the Asia to Europe trade have stabilised over the last few months, while freight rates in September crept back to last year’s levels.
Figures from the European Liner Affairs Association (ELAA), show that 962,800teu was moved from Asia to Europe, 10% down on October last year.
In September, volumes were also 10% down year-on-year, while in August they were 12% down, figures which represent improvement on the 22% decline experienced over the first six months of the year.
Meanwhile ELAA’s price index for the Asia to Europe trade hit 78 in September, assuming a 2008 average of 100, the index’s highest level this year and compares with March’s figure of 48.

http://www.ifw-net.com/freightpubs/ifw/indexarticle.htm?artid=1260545071650