Marine Link
Sunday, December 4, 2016

Asia-Europe Container Rates Fall Almost 11 pct

August 15, 2014

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 10.7 percent to $1,198 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.

It was the second consecutive week of falling freight rates on the world's busiest route. Container freight rates have so far increased in 10 weeks this year but fallen in 23 weeks.

Average rates for 2014 are $1,278 per TEU compared with $1,090 last year. The comprehensive index fell 2 percent to $1,172 per TEU.

Maersk Line, the world's biggest container shipper with nearly 600 container vessels and part of Danish shipping and oil group A.P. Moller-Maersk, controls around one fifth of all transported containers from Asia to Europe.


Reporting by Ole Mikkelsen



 
Maritime Reporter Magazine Cover Nov 2016 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News