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Drewry: Rate drop spreads to growth regions

The weak demand has begun affecting the container rates to South America and Africa which until a few months ago had not been affected by the same tendencies as the Asia-Europe traffic, an analysis from Drewry shows.

Photo: Hapag-Lloyd

While the East-West container rates on Asia-Europe have dropped significantly during 2012, the situation was different on the North-South routes and in the intra-regional traffic until a few months ago. Now the financial slowdown and an weak international demand have begun forcing down the rates on these routes, the Drewry analysis “Drewry Logistics Executive Briefing for importers and exporters” shows.

Especially the routes to South America have experienced significant rate drops this year. In July, the Drewry Shanghai-Santos benchmark reached its highest level since September 2010. However, in September 2012 the benchmark had dropped to USD 4,170 per feu but nevertheless, this is an increase of 26 percent since the beginning of 2012, Drewry states.

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