ShippingWatch

Asia-Europe rates skyrocket

Announced price hikes from Maersk Line and its rivals on major shipping routes between Asia and Europe have found their way into rates on these routes, which have increased by a staggering 327 percent in the last week.

Photo: UASC

Announced price hikes from Maersk Line and its rivals on major shipping routes between Asia and Europe have found their way into rates on these routes, which have increased by a staggering 327 percent in the last week.

The average price came to USD 988 per twenty-foot container (teu), industry news site Journal of Commerce says.

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