Importers benefit from absent rate hike on Asia-Europe

When all is said and done, the importers – the business sector of Northern Europe – are the ones benefitting from the container shipping companies’ failure to increase the rates. 200 of the companies are cross-checking their prices.

Photo: Maersk Line

While the container shipping companies mourn another failed attempt at increasing the rates on Asia-Europe, the customers – the Northern European business sector- are pleased, as they can conclude that the price they have to pay to ship a 20-foot container from Asia has been either steady or in decline since the summer.

This development is shown by the Seafreight index, created by the Danish company CostPartner, and which includes 200 medium-large and large companies in Denmark, Germany, and Sweden. The index has existed since 2009 and collects data from companies each month, showing what they – as end users of the supply chain – have to pay in order to get a container full of goods shipped to Northern Europe.

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