The latest trade war truce at the weekend is unlikely to reverse shipping lines’ increased coverage of South-east Asia or the trend towards trade regionalisation.
According to Alan Murphy, chief executive of Sea-Intelligence, the number of transpacific services calling at ports in South-east Asia and sailing directly to North America has increased by 28% since January.
“Traditionally, carriers have been very slow adapting to market changes,” he told the TPM Asia conference …

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Source: The Loadstar