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Spot rates touch new heights across major trade lanes

With backlogs of bookings, rising rates and capacity and equipment even more scarce than in previous weeks, shippers seeking ocean freight capacity from China and other parts of East Asia saw the already challenging conditions further intensify last week across major trade lanes, reports said. Freight forwarders in Europe have reported that the ocean freight market has worsened markedly in recent weeks and that some shippers have been paying as much as $18,000 per FEU for urgent shipments from Asia to Northern Europe, the reports added. 


Source: Exim News Service: Shanghai, May 16


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Currency Import Export
U.S.Dollar 74.85 73.94
U.K.Pound 104.43 102.42
Euro 89.03 87.55

As On 02nd August, 2021

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Currency Import Export
U.S.Dollar 75.40 73.70
Sterling Pound 104.90 101.40
Euro 89.80 86.60

w.e.f.16th July, 2021

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