Maersk Line believe demand for trade on its Asia- Europe route may grow until Lunar New Year in February.
Imports into China have also helped increase demand as raw materials are shipped to Asia’s largest economy for final assembly while local consumers increase spending, Bloomberg learned from Tim Smith of Maersk Line in a Hong Kong television interview.
A year-end surge in demand also prompted the container line, owned by A.P. Moeller-Maersk A/S, to put some unused ships into service after idling 21 percent of its fleet last year.
Source: Bloomberg