Rates on Asia-Europe slide for ninth consecutive week

In spite of the major crisis among container carriers across the globe, the carriers have been unable to raise the price of transporting a twenty-foot container on the key route Asia-Europe for two months.

Photo: Hamburg Süd

The trend is once again headed in the wrong direction for freight rates on the key route from Asia to North Europe. At least from the carriers' perspective.

Spot prices for freighting a twenty-foot container (teu) from Shanghai to North Europe declined 9 percent this week to USD 211.

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