Outlook for cargo volume 'remains weak'
Release time:
2022-11-16
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Maersk said it is offering shippers the opportunity to slow the arrival of shipments from Asia to ports in Europe and the US to help retailers manage bloated inventories as a number of retailers face overstocking problems, One Line has heard.
Maersk's move comes amid a sharp fall in demand for retail lifestyle products in Asia. In its latest report on the Asia-Pacific market, Maersk said the outlook for cargo volumes "remains weak" and that spot container prices were "likely" to continue to fall.
Maersk's move comes amid a sharp fall in demand for retail lifestyle products in Asia. In its latest report on the Asia-Pacific market, Maersk said the outlook for cargo volumes "remains weak" and that spot container prices were "likely" to continue to fall.