News / Asia-Europe container rates still falling, but carriers remain in-profit and bullish

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Freight rates on the Asia-Europe trade continued to flounder this week, according to today’s Shanghai Containerised Freight Index, while the trades between Asia and the US west and east coasts climbed ahead of new general rate increase.

The Shanghai-North Europe leg declined by 8.4% to settle at $1,057 per teu, although with bunker prices still remaining at recent lows – notwithstanding the increase of the last couple of days – that rate is still in positive territory for carriers.

The trade continues ...