COMPANIES Traffic volumes on the world’s busiest container ship route fell by a fifth in May against a backdrop of plummeting prices as the global recession leaves the industry facing its worst crisis in its 53 year history.
The figures for westbound Asia-Europe services, which compared volumes with the same month last year, were published on Tuesday by the European Liner Affairs Association a day after Singapore’s Neptune Orient Lines revealed it suffered continued volume falls in June and a still sharper fall in earnings from each container.
