Europe-to-Asia Box Rates to Defy Global Decline in 2013: Freight
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Europe-to-Asia freight rates will defy a decline in the other direction this year as exports heading east grow faster than imports, helping to fill a glut of empty boxes.
The number of containers moved to Asia will rise as much as 5 percent in 2013, while volumes to Europe will expand just 1 percent, according to Macquarie Capital (Europe) Ltd. That will help A.P. Moeller-Maersk A/S’s shipping line, the world’s largest, raise its eastbound fee on the route by 27 percent, Macquarie said.