FEFC’s August westbound volume up 18.7%

FEFC’s August westbound volume up 18.7% The London secretariat of the Far Eastern Freight Conference said today that its members’ August volume in the westbound Asia/Europe trade increased 18.7 percent year-on-year to 863,866 TEUs.
   The FEFC said the monthly Far East-to-North Europe volume rose 15.7 percent to 560,214 TEUs, while Asia-to-Mediterranean growth was up 24.7 percent to 303,652 TEUs.
   After eight months of 2007, total westbound volume of the conference lines improved 20.7 percent to 6.22 million TEUs.
   The conference is yet to post its August eastbound volume figures, which totaled 1.95 million TEUs after seven months, an 8.8 percent rise year-on-year.
   The 16 shipping line members of the FEFC are estimated to control about two-thirds of the available Asia/Europe vessel capacity. They are: ANL Container Lines, APL, CMA CGM, CSAV Norasia, Egyptian International Shipping Co., Hapag-Lloyd, Hyundai Merchant Marine, “K” Line, Maersk Line, Mediterranean Shipping Co., MISC Berhad, MOL, NYK, OOCL, Safmarine and Yang Ming.