Asia-Europe Box Rates Fall 5.6 pct

Maritime Activity Reports, Inc.

January 2, 2015

File photo: a containership loading at dock.

File photo: a containership loading at dock.

Freight rates for container shipping from Asia to Northern Europe fell by 5.6 percent in the Monday through Wednesday period compared with last week, to $1,085 per 20-foot container (TEU), data showed on Friday.

Rates on the route, which is the world's busiest for container shipping, were thereby 28 percent lower than at the same time in 2013.

From Asia to ports in the Mediterranean, container freight rates fell 4.8 percent from last week, the Shanghai Containerized Freight Index showed.

From Asia to ports on the U.S. West Coast they fell 3.2 percent, and from Asia to ports on the U.S. East Coast they were down 0.9 percent, the index showed.

Maersk Line, the world's biggest container shipper with nearly 600 container vessels and part of Danish oil and shipping group A.P. Moller-Maersk, is one of few container shipping firms to have made a net profit in the first six months of 2014.

Maersk Line controls around one fifth of all transported containers from Asia to Europe.

Reporting by Ole Mikkelsen

Maritime Reporter Magazine Cover Apr 2019 - Navies of the World

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.

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