( – FocusAsia Media Ltd

CHICAGO, Jul 25 (FAM) – Ocean freight spot prices have remained steady for several months on the transatlantic trade and look set to remain so even as the strong headhaul westbound demand growth seen in early 2017 tapers off as the year progresses, Drewry analysis suggests.

Drewry noted that in the first five months of this year, North European exports to North America registered a rise of 5.7%, according to statistics from PIERS and CTS. Broken down, loads bound for the US rose 4.9% to 890,000 teu; Canadian imports were flat at roughly 260,000 teu, while inbound Mexican volumes continued to soar, rising by nearly 20% to just under 180,000 teu.