Container spot rates diverge: to Europe still falling, but firmer to the US
A divergence in container spot freight rates between the Asia-Europe and Asia-North America trades emerged ...
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By Mike Wackett
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 weeks.
According to Alphaliner, six new strings are stemmed to be added to the Asia US east coast (USEC) route by the end of next month – an estimated extra 26,800 teu of slots a week.
The ...
Comment on this article
chas deller
April 30, 2015 at 5:21 pmChina 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