Ocean carriers predict record demand in Pacific
China's demand for logistics remains story
By Dave Hannon -- Purchasing, 5/1/2007 12:38:00 PM
The members of the Transpacific Stabilization Agreement are predicting record container volumes in the Pacific Ocean this year.
According to a recent Reuters article, the TSA forecasts a lull in early May due to national holidays in China and Japan to be followed by a record peak season, requiring additional vessel capacity. TSA forecasts 9-10% Asia-U.S. cargo growth for 2007 and slightly higher growth in 2008 as trade between U.S. and Asia continues to explode.
Ocean freight rates are at all-time highs and logistics market watchers continue to report demand for ocean freight remains strong.
WHAT DO YOU THINK?Use the Readers Rant/Post a Comment button at the bottom of this page to voice your opinion on this topic.
View All Blogs
Now Playing:
