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Reuters: Container rates on Asia-Europe decline again

Spot rates on container freight on Asia-Europe decline again following a 10.4 percent increase last week. This week saw a decline of USD 65.

Photo: IMO

Container carriers can't be certain when it comes to rate developments on the key route from Asia to Europe. Where carriers saw the rates go up last week, the rates went the other way this week. Thus the spot rates on container freight declined by 4.3 percent, writes Reuters.

This corresponds to a decline of USD 65, down to USD 1,436 per teu, says a source with access to data from the Shanhai Containerized Freight Index, to Reuters. The decline follows two weeks of climbing rates, and the average rate level for the route in 2013 is now USD 1,078, compared to an average of USD 1,379 in 2012.

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