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1/6/08

The Hindu Business Line : Asia-Europe shipping traffic on fast growth route - by T.E. Raja Simhan

For the complete report from The Hindu Business Line click on this link

Asia-Europe shipping traffic on fast growth route - by T.E. Raja Simhan

An official of a leading shipping line in Chennai says problems such as lack of infrastructure in the US and security-related issues at US ports are also factors that will shift focus to Europe, from the US, in the coming years.Asia-Europe container trade was 15.8 million TEUs (twenty foot equivalent unit) in 2006 and will more than double to 35 million TEUs by 2016, according to Drewry Shipping Consultants, a global maritime research company.

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