ShippingWatch

Broken price discipline prompts new rate drop on Asia-Europe

The spot price on container freight from Shanghai to Northern Europe drops again, show new numbers from the leading Shanghai Shipping Exchange. More specifically, the rate on the Asia-Europe routes dropped with $46 – or 3.8 percent – to $1172.

Photo: Maersk Line

The spot price for the freighting of a twenty-foot container from Shanghai to Northern Europe dropped yet again this week, shows the latest statement from Shanghai Shipping Exchange.

More specifically, the rate for the Asia-Europe routes with $46 – or 3.8 percent – to $1172. As such, the rates on the route, particularly important to Maersk Line, have dropped in 11 out of the last 12 weeks and far from the June peak level of $1888 per TEU. Calculated to percentages, the downturn since the summer peak has been at 37.9 percent.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

ECSA's new secretary general balances on a razor's edge

ECSA’s newly appointed secretary general, Sotirs Raptis, has taken up the helm of an organization criticized by its own members for being invisible. In an interview with ShippingWatch, Raptis explains how he intends to alter that image.

Related articles

Latest news

See all jobs