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High freight rates in the North Atlantic after weak growth

Despite weak growth in freight traffic across the North Atlantic, freight rates have risen by more than a third in recent weeks as container carriers have shifted available tonnage to more lucrative routes in Asia and across the Pacific.

Photo: Justin Sullivan/AFP/Ritzau Scanpix

The exceptionally high freight rates, which generated lucrative conditions for many of world's container carriers in the first quarter, have now spread to Transatlantic routes.

In recent weeks, freight rates between Northern Europe and the US East Coast have risen by more than a third, surpassing USD 3,600 for a forty-foot container (FEU), according to analyst firm Alphaliner.

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