Asia-Europe Trade

Barnard, Bruce
January 2009
Journal of Commerce (1542-3867);1/12/2009 Supplement, p34
The article offers a look at the performance of shippers and carriers within the Asia-Europe market in 2008 as well as an outlook for 2009. At the start of 2008, the Asia-Europe trade posted record cargo volume and freight rates. By 2009, it is expected that this route will be the main contributor to collective losses due to the determination of leading carriers to protect their shares of a falling market. The most optimistic forecast for 2009 is one percent growth and a possible decline due to doubts over Chinese exports to recession-mired Europe.


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