Asia-Med box trades the only bright spot in the general downturn

By Mike Wackett

12/01/2023

Improved booking prospects show the Asia to Mediterranean tradelane is proving more resilient than the North European market, prompting the 2M Alliance to reinstate a voided sailing.

Moreover, the trade is more profitable, with Asia-Mediterranean container spot rates stabilising at twice those for North European ports, at between $3,000 and $4,000 per 40ft.

2M partner Maersk said today the 24,000 teu MSC Amelia, deployed on the 2M AE11/Jade loop from Asia to Mediterranean ports, would be “reinstated” and sail this week, due ...