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Tight squeeze on Asia-Europe
  Date:06/11/10  |  From:ifw-net  |  Click:

Freight forwarders and shippers on the Asia-Europe trade have been warned they could be faced with equipment shortages and tight capacity during the coming peak season, according to the world's third largest shipping line.

CMA CGM Senior VP Asia-Europe Nicolas Sartini told IFW the volumes experienced by shipping lines so far this year were a little bit incredible.

He expected demand to remain strong over the next three months and, as a result, he believes there is a risk that vessel space could be tight in the third quarter. He also said the industry could be faced with an equipment shortage.

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