News / Longer-term Asia-Europe contracts for ocean freight rates a better deal for carriers

26/01/2018

According to Xeneta’s crowd-sourced data, average long-term contract freight rates between Asia and North Europe are trending around 6% higher than a year ago.

Conversely the short-term market is some 7% lower.

The Oslo-headquartered freight rate benchmarking firm’s shipper- and forwarder-provided data for the tradelane recorded an average long-term rate agreement of $1,698 per 40ft with a high of $2,170 and a low of $1,415.

For short-term contracts, Xeneta recorded an average rate deal of $1,978 per 40ft, with a high of $2,515 ...