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  • Writer's pictureTeam CargoTalk

Middle East tonnages fall as holiday season tapers

The decreasing trend in global tonnages accelerated in the second week of August. According to WorldACD Market Data, APAC showed a notable decrease of 5 per cent overall, especially into Europe (-8%) and intra-Asia Pacific (-7%). Cargo flows to ex-Middle East and South Asia were down by 6 per cent overall, mainly to APAC (-8%) and Europe (-6%). Volumes dropped in both directions between Europe and Central & South America (-5% northbound, -9% southbound), and ex-North America into Central & South America (-8%).


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