Q1 container shipments from South Asia to South Asia rose 18% , YoY , to around 410,000 TEUs, and surged 22.3% in April , according to Drewry's Container Insight Weekly report. South Asian shipments to South Asia slipped 2% to Q1 TEUs, followed by a 8.2% decline in April . European imports grew 10% from the Middle East and 8.2% from South Asia . The report warned that freight rates may rise, particularly on South Asian routes, as fuel costs increase.
Q1 container shipments from Europe to South Asia rose 18%, YoY, to around 410,000 TEUs, and surged 22.3% in April, according to Drewry's Container Insight Weekly report. European shipments to the Middle East slipped 2% to about 590,000 TEUs, followed by a 1.6% decline in April. European imports grew 10% from the Middle East and 8.2% from South Asia. The report warned that freight rates may rise, particularly on South Asian routes, as fuel costs increase.