News Content
A-E rate sinks to US$908/TEU, transpac hits $2,086/FEU
SPOT rates continued to decline on both the transpacific and the Asia Europe route last week, according to the Shanghai Containerised Freight Index.
SCFI figures show rates from Asia to north Europe fell US$147 to $908 per TEU. Services from Asia to the Mediterranean slipped $120 with a week earlier to $1,237 per TEU.
Transpacific services from Asia to the US west coast declined $109 to $2,086 per FEU. While still down $226 week-to-week, the east coast rate was a decent $4,298 per FEU.
East coast rates also looked good against last year's average of $3,326 per FEU when SCFI index for the trade lane did not hit $4,000 once in 2013.
High US east coast rates are a product of shipper jitters over the possibility of a west coast labour disruption as cargo is diverted east causing high utilisation which increases rates, one liner executive told London's Containerization International.
Drewry Maritime Research also reported a $200 drop to $2,075 per FEU its Hong Kong-Los Angeles index, the biggest weekly decline since June.
Asia-Europe trade lane decline was attributed to falling demand, which surprised many as volumes tend to rise sharply before the Chinese Golden Week factory shutdown.
SCFI figures show rates from Asia to north Europe fell US$147 to $908 per TEU. Services from Asia to the Mediterranean slipped $120 with a week earlier to $1,237 per TEU.
Transpacific services from Asia to the US west coast declined $109 to $2,086 per FEU. While still down $226 week-to-week, the east coast rate was a decent $4,298 per FEU.
East coast rates also looked good against last year's average of $3,326 per FEU when SCFI index for the trade lane did not hit $4,000 once in 2013.
High US east coast rates are a product of shipper jitters over the possibility of a west coast labour disruption as cargo is diverted east causing high utilisation which increases rates, one liner executive told London's Containerization International.
Drewry Maritime Research also reported a $200 drop to $2,075 per FEU its Hong Kong-Los Angeles index, the biggest weekly decline since June.
Asia-Europe trade lane decline was attributed to falling demand, which surprised many as volumes tend to rise sharply before the Chinese Golden Week factory shutdown.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
