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. The biggest growth came from China, where exports grew 19% year-over-year to 1.06 million TEUs. utilization v rates ( 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. The biggest growth came from China, where exports grew 19% year-over-year to 1.06 million TEUs. The report warned that freight rates may rise, particularly on South Asian routes, as fuel costs increase.