FEFC’s May westbound volume up 17.7%
The Far Eastern Freight Conference said Friday that its members’ westbound Asia/Europe volume increased 17.7 percent in May to reach 777,146 TEUs.
The 16 shipping line members of the FEFC are estimated to control about two-thirds of the available Asia/Europe vessel capacity.
The FEFC said the Far East-to-North Europe volume in May rose 14.5 percent year-on-year to 479,689 TEUs, while Asia-to-Mediterranean growth in the month was 23.2 percent to 297,457 TEUs.
After five months of 2007, total westbound volume of the conference lines improved 19.6 percent to 3.66 million TEUs.
FEFC’s May westbound volume up 17.7%
