New intra-Asia container shipping services are keeping rates down and competition up, and even picking up the slack for the region’s lack of air cargo capacity.
Carriers have launched services covering South-east Asian ports, Mr Sundara, Asia Pacific ocean freight director at Scan Global Logistics (SGL), told The Loadstar.
“There’s ample space and rates are competitive. Global carriers are utilising space between intra-Asia moves, which is also putting pressure on the region’s niche carriers.”
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