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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs