SERVICES

Weak demand threatens box recovery

London - Weak consumer confidence in the UK and sluggish retail demand in Germany have dragged down freight volumes between Asia and Europe during the first half of the year, despite a generally bright picture for demand elsewhere, according to a new report from Drewry

London - Weak consumer confidence in the UK and sluggish retail demand in Germany have dragged down freight volumes between Asia and Europe during the first half of the year, despite a generally bright picture for demand elsewhere, according to a new report from Drewry.

Figures from Container Trades Statistics show mainlane Asia-northern Europe volumes during the first six months of this year were virtually identical to those recorded in the corresponding period in 2017, holding at 4.9m teu. Moreover, in the second quarter of the year, westbound volumes declined by 1.6% compared with the second quarter of last year.

(Source: GCTL8)

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