International shipping and logistics market update - Week 25/2023

Phaata International shipping and logistics market update - Week 25/2023

1. Asia - Northern America route

The freight rate from Asia to North America West Coast in the week of 25/2023 continued to plummet to USD 1,231/FEU, equivalent to a decrease of 4.65% compared to the previous week and a decrease of 7.86% compared to the previous month, according to Xeneta data.

Asia- US West Coast Freight rate | Week 25/2023 (Image: Phaata.com)

2. Asia - Northern Europe route:

The ocean freight from Asia to Northern Europe in the week of 25/2023 continued to plummet to $ 1,229/FEU, equivalent to a decrease of 3.00% from the previous week and a decrease of 10.55% compared to the previous month, according to Xeneta data.

Asia-Northern Europe Freight rate | Week 25/2023 (Image: Phaata.com)

3. Northern America - Asia route:

The freight rates from North America (West Coast) to Asia in the week of 25/2023 decreased slightly by 0.36% compared to the previous week, to 836 USD/FEU. This price decreased by 3.02% compared to the previous month.

US West Coast - Asia Freight rate | Week 25/2023 (Image: Phaata.com)

4. Northern Europe-Asia route:

The freight rate from Northern Europe to Asia in the week of 25/2023 decreased by 1.50% compared to the previous week, to $460/FEU. This price decreased by 3.97% compared to the previous month.

Northern Europe - Asia Freight rate | Week 25/2023 (Image: Phaata.com)

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Find Logistics Companies here.

Read more:

• International shipping and logistics market update - Week 24/2023
• Container shipping lines see a sharp decline in revenue and profit in the first quarter of 2023

Source: Phaata.com 

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