Thursday, 13/04/2023, 12:47 (GMT +7)
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International shipping and logistics market update - Week 15/2023
Phaata International shipping and logistics market update - Week 15/2023
1. Asia - Northern America route
Capacity supply on the Asia-North America service remains redundant with carriers continuing to report more train cancellations in an effort to control falling rates. Meanwhile, the trend of shifting imports from the US West Coast (USWC) to the US East Coast (USEC), as well as Canada and the Gulf, continues to increase.
The freight rate from Asia to North America West Coast in the week 15/2023 slightly decreased to $1,158/FEU, equivalent to a decrease of 0.69% compared to the previous week and a decrease of 6.01% compared to the previous month, according to Xeneta.
Asia- US West Coast Freight rate | Week 15/2023 (Image: Phaata.com)
2. Asia - Northern Europe route:
The ocean freight from Asia to Northern Europe in the week 15/2023 slightly increased to $1,422/FEU, equivalent to a increase of 2.01% from the previous week and a decrease of 2.54% from the previous month, according to Xeneta data.
Asia-Northern Europe Freight rate | Week 15/2023 (Image: Phaata.com)
3. Northern America - Asia route:
The freight rates from North America (West Coast) to Asia in the week 15/2023 slightly increased by 0.44% compared to the previous week, to 923 USD/FEU. This price decreased by 10.56% compared to the previous month.
US West Coast - Asia Freight rate | Week 15/2023 (Image: Phaata.com)
4. Northern Europe-Asia route:
The freight rate from Northern Europe to Asia in the week 15/2023 increased remarkably by 8.18% compared to the previous week, to 542 USD/FEU. This price decreased by 7.82% compared to the previous month.
Northern Europe - Asia Freight rate | Week 15/2023 (Image: Phaata.com)
Find Freight rates here.
Find Logistics Companies here.
Read more:
- Baltic index falls on lower dry bulk vessel demand
- Descartes: Container volumes at Top US West Coast ports increase significantly in March
- Maersk Air Cargo launches new flights between US and China
- Reliability of container shipping schedule dramatically improves in February
Source: Phaata.com
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