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Freight spot rates to Europe from Asia continue to rise


Container freight spot rates to Europe from Asia have continued their relentless rise, with rates seen at or over $6,000 per TEU for Shanghai-northern Europe volumes and much higher in reality, according to reports. Freight rates on the spot market to both northern Europe and the Mediterranean reported by the Shanghai Shipping Exchange have sat at over $10,000 per FEU, and the 4.2 per cent and 5.2 per cent increases, respectively, will put yet more pressure on shippers. Drewry’s WCI also saw a 2 per cent increase. The average composite index of the WCI, year-to-date, is $5,243 per FEU, the reports added.

 

Source: Exim News Service: London, June 9

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