Asia-Europe Container Freight Rates Fall 8.3%
Photo: Maersk Line
Photo: CMA CGM
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 8.3 percent to $1,057 per 20-foot container (TEU) in the week ended on Friday, one 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.
In the week to Friday, container freight rates fell 3.8 percent from Asia to ports in the Mediterranean, rose 13.3 percent to ports on the U.S. West Coast and were up 6.2 percent to ports on the U.S. East Coast.
Maersk Line, the global market leader with nearly 600 container vessels and part of Danish oil and shipping group A.P. Moller-Maersk, controls around one fifth of all transported containers from Asia to Europe.
