News / US east coast the next killing field for ocean carriers, as rates continue to fall?

30/04/2015

Spot freight rates between Asia and US east coast ports fell another $39 per 40ft in the past week, to $3,605, some 30% below their February peak.

And transport consultant Alphaliner said it expected the decline to continue, given the influx of new capacity in the coming ...

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chas deller
April 30, 2015 at 5:21 pm
China base ports – US EAST COAST contract rate levels last year for mid size BCO were under $3000 per 40ft, so with BAF reductions those rates are now at $2500 per 40ft. We expect additional small reduction from that rate by Mid year to $2400 USEC AND $1500 USWC for contract rates.ONLY way for carriers to beat this is to CUT 20% Capacity which they will probably not do. Chas

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