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Rotterdam-port05-Edited
Rotterdam port

LONDON, May 16 (FAM) – Ocean freight spot rates from Europe to Asia continued their inevitable decline last week following the unexpected spike in prices in March and April on the normally heavily oversupplied Asia-Europe backhaul trade.

According to the World Container Index assessed by Drewry, Rotterdam to Shanghai prices dropped a further 18% or $218 last week from the previous week’s average of US$1,235 per feu as space “normalizes” on the trade following two months of extraordinarily tight capacity. But at $1,017 per feu, prices remain around 62% higher than at the same time last year.

 

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