Asia-North Europe rates jump 28%
Source:transportweekly 2014-7-8 10:05:00
Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 28 percent to US$1,416 per TEU in the week ended on Friday, one source with access to data from the Shanghai Containerised Freight Index told Reuters.
Before July, the several container shipping companies announced higher rates and this week's rise is a result of that.
Container freight rates have so far increased in nine weeks this year but fallen in 18 weeks.
Average rates for 2014 are $1,276 per TEU compared with $1,090 last year. The comprehensive index rose 6.7 percent to $1,129 per TEU.