Asia-Europe trade feels strain amid Brexit and carriers’ vessel ordering spree
MSI analyst James Frew says Asia-Europe trade is challenging for carriers and expects freight rates to remain flat in 2018-2019, while Alphaliner Tan Hua Joo believes the recent ordering splurge of new ships will not stop anytime soon
Weakening import demand from the UK and Germany, coupled with fast-growing ultra-large tonnage supply, overshadows Asia-Europe trade prospects
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