Due to globalization, the competition in container transport has become more rigid over the years. Asia, an unlikely candidate years before now dominates world container traffic. Intra-Asian routes i.e. between North America and Asia and between the European continent and the Far East make up a little more than 50% of container traffic all over the world.
With china becoming the world’s workbench, the routes going to Asia are now enjoying more container traffic in the said region. With many consumer goods being produced in China due to cheaper costs, the now-awakened-dragon has contributed much traffic to Asia. With the said country’s entry into the World Trade Organization in 2001, a very important milestone in its history, it is driving more business into its shores.
India, another South Asian country, is not far behind because it is catching up with China with its increasing industrialization that led to huge volumes of cargo movement into and out of the said country.
Transpacific traffic follows Asia’s 50% while traffic between Europe and the Far East is not far behind. Intra-Europe traffic is not as high as it used to be in the past decades and that goes the same with Trans-Atlantic Routes.
Container traffic is an economic indicator reflecting expectations of retailers for their sales. The lower the traffic, the lesser the cargo you will see on the docks. That means lesser business. It seems that with this kind of explanation, Asia sure is enjoying a robust economic growth. Of course, shipping lines in Japan, Korea, China along with domestic freight shipping lines in smaller Asian countries have lost millions this year but in general, Asia is faring better.
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