SITC raises first-half profits on higher volumes and rates
First-half average freight rates rose 4.4% to $545.80 per teu while volumes rose 3% to 1.18m teu. However, the intra-Asia specialist line also cut both the number of trade lanes served and weekly port calls to 63 and 379 respectively
SITC said it would focus exclusively on the intra-Asia market as it believes that this market will continue to experience healthy growth
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