Intra-Asian container trade booming

According to a report from Drewry Shipping Consultants, intra-Asian container trade is booming. Drewy estimates that 28.6 million TEUS moved in that region during 2007 or approximately one fifth of all global trade. The volume is forecasted to nearly double that amount by 2013 to 50.7 million TEUS.

Via Drewy:

This excludes any business moving within its confines on a feeder basis which are bound for markets such as Europe, the US and South America. With China acting as a regional resource centre and with new free-trade deals emerging, there seems little doubt that the intra-Asian trades will continue to grow at a robust pace in the short to mid-term.