International shipping and logistics market update - Week 19/2023

Phaata International shipping and logistics market update - Week 19/2023

1. Asia - Northern America route

The freight rate from Asia to North America West Coast in the week of 19/2023 fell to $1,447/FEU, equivalent to a decrease of 2.16% from the previous week and an increase of 25.06% from the previous month, according to data whether Xeneta.

Asia- US West Coast Freight rate | Week 19/2023 (Image: Phaata.com)

2. Asia - Northern Europe route:

The ocean freight from Asia to Northern Europe in the week of 19/2023 decreased slightly to $1,375/FEU, equivalent to a decrease of 0.29% from the previous week and a decrease of 1.50% from the previous month, according to Xeneta data.

Asia-Northern Europe Freight rate | Week 19/2023 (Image: Phaata.com)

3. Northern America - Asia route:

The freight rates from North America (West Coast) to Asia in the week of 19/2023 decreased by 1.72% compared to the previous week, to 857 USD/FEU. This price decreased by 7.15% compared to the previous month.

US West Coast - Asia Freight rate | Week 19/2023 (Image: Phaata.com)

4. Northern Europe-Asia route:

The freight rate from Northern Europe to Asia in the week of 19/2023 increased by 4.80% compared to the previous week, increasing to $480/FEU. This price decreased by 11.11% compared to the previous month.

Northern Europe - Asia Freight rate | Week 19/2023 (Image: Phaata.com)

Find Freight rates here.
 
Find Logistics Companies here.

Read more:

• Recession, Geopolitics and Costs: Top Supply Chain Concerns
• Global Freight Monitor: Hoping for cargo demand recovery in the second half of the year
• COSCO SHIPPING adjusted the long term schedule of AAC service from Hai Phong – Cai Mep to USWC

Source: Phaata.com 

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