International shipping and logistics market update - Week 12/2023

Phaata International shipping and logistics market update - Week 12/2023

1. Asia - Northern America route

The freight rate from Asia to North America West Coast in the week 12/2023 decreased to $1,203/FEU, equivalent to a decrease of 2.51% compared to the previous week and a decrease of 9.48% compared to the previous month, according to Xeneta.

Asia- US West Coast Freight rate | Week 12/2023 (Image: Phaata.com)

2. Asia - Northern Europe route:

The ocean freight from Asia to Northern Europe in the week 12/2023 increased to $1,463/FEU, equivalent to an increase of 4.05% from the previous week and a decrease of 6.7% from the previous month, according to Xeneta data.Asia-Northern Europe Freight rate | Week 12/2023 (Image: Phaata.com)

3. Northern America - Asia route:

The freight rates from North America (West Coast) to Asia in the week 12/2023 decreased by 0.3% compared to the previous week, to 998 USD/FEU. This price decreased by 3.57% compared to the previous month.

US West Coast - Asia Freight rate | Week 12/2023 (Image: Phaata.com)

4. Northern Europe-Asia route:

The freight rate from Northern Europe to Asia in the week 12/2023 increased slightly by 0.69% compared to the previous week, to 582 USD/FEU. This price increased by 3.19% compared to the previous month.Northern Europe - Asia Freight rate | Week 12/2023 (Image: Phaata.com)

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Read more:

• OOCL: Container volume declined but profits increased strongly in 2022
• Port of Melbourne fell 18.4% container volumes in February
• Globalization's Future: No signs of its end as of yet
• A.P.Moller – Maersk to divest Maersk Supply Service
• Port of Los Angeles saw a sharp decline in container throughput in the first months of 2023

Source: Phaata.com 

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