Marine Link
Monday, October 23, 2017

Asia-Europe Box Rates Inch Up

December 28, 2015

The Maersl Kalmar (file image: Maersk)

The Maersl Kalmar (file image: Maersk)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe rose by 2.7 percent to $573 per 20-foot container (TEU) in the week ended on Friday, data from the Shanghai Containerized Freight Index showed.

Average rates for 2015 were $607.82 per TEU compared with $1,171,50 the previous year.

In the week to Friday, container freight rates rose 6.8 percent from Asia to ports in the Mediterranean, fell 0.3 percent to ports on the U.S. West Coast and were down 0.4 percent to ports on the U.S. East Coast.

Copenhagen-based Maersk Line, the global market leader with more than 600 container vessels and part of Danish oil and shipping group A.P. Moller-Maersk, reported in November a 61 percent drop in net profit in the third quarter.

The Danish shipping company controls around one fifth of all transported containers from Asia to Europe.


Reporting by Ole Mikkelsen

Maritime Reporter Magazine Cover Oct 2017 - The Marine Design Annual

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