Asia-North Europe Box Rates Up 7 pct

Maritime Activity Reports, Inc.

February 24, 2017

File Image: Credit Port of Boston

File Image: Credit Port of Boston

Container spot freight rates from Asia to Northern Europe rose 7 percent to $961 per twenty-foot equivalent units (TEU), the Shanghai Containerized Freight Index showed on Friday. 
 
  • Freight rates from Asia to ports in the Mediterranean rose $38 to $882 per TEU
  • Maersk Line, a unit in Danish shipping and oil group A.P. Moller-Maersk, is the market leader with a global market share of around 15 percent. It controls around 20 percent on the world's busiest routes between Asia and Northern Europe

 

Reported by Reuters Copenhagen newsroom 

Maritime Reporter E-News subscription

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

Subscribe for Maritime Reporter E-News