FEFC lines carry 9% extra eastbound cargo in first half

FEFC lines carry 9% extra eastbound cargo in first half

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The London-based Far Eastern Freight Conference, whose member lines are formulating a new eastbound tariff, said first half volume in the Europe-to-Asia trade increased 9 percent to 1.67 million TEUs.
   On a regional basis, box traffic from North Europe to the Far East for the first six months of 2007 improved 8 percent to 1.36 million TEUs while Mediterranean-to-Asia cargoes increased 13.8 percent to 308,690 TEUs.
   The FEFC last month reported a 20.9 percent gain in the head-haul westbound trade to 4.52 million TEUs.