( – FocusAsia Media Ltd)


LONDON, Apr 11 (FAM) – Europe-Asia eastbound ocean freight spot rates recorded further dramatic increases last week, rising to levels close to those of the headhaul westbound leg, as continuing strong demand combined with capacity adjustments by lines prolonged the period of tight supply and backlogs for ex-Europe containerised cargo to Asia.

Figures from the World Container Index, assessed by Drewry, late last week show rates from Rotterdam to Shanghai leaped almost $600 (65%), to $1,557 per loaded 40 ft unit, just short of the $1,676 per FEU rate for the reverse headhaul journey.

After declining the previous week, rates on the Asia-Europe headhaul route strengthened last week on the back of GRIs, while rates from Asia to the US East Coast declined further.