Inbound container traffic from Europe to South Asia has surged by an impressive 18 per cent in the first quarter (January-March) of 2018 to reach approximately 410,000 TEUs, according to Drewry’s Container Trade Statistics (CTS).
Including April, it was even better, with Europe to South Asia traffic soaring by 22.3 per cent.
Westbound from South Asia to Europe, the shipments increased by 8.2 per cent in the quarter to about 525,000 TEUs.
As per CTS’ analysis of the first four months, momentum is strong for trade in both directions to/from South Asia. On a rolling 12-month average basis, growth from Europe to South Asia topped 10 per cent after April and 8 per cent in the opposite direction, it said.