Freight rates from Asia to Europe down for the eleventh consecutive week
The price of shipping a container from Shanghai to the Mediterranean and is below the $ 200 / TEU.
Freight rates for containers shipped by sea from China to the rest of the world continue, for the eleventh consecutive week, with the downward trend experienced since the beginning of 2016, according to the ‘Shanghai Containerized Freight Index’.
With regard to the main shipping route in the world, connecting Asia and Europe, the price of sending a container from the Chinese port of Shanghai to major European ports has decreased by 2.85% in the last week, going the $ 211 / TEU Friday March 11 to $ 205 / TEU on the 18th.
In the same period, freight containers sent to the Mediterranean ports decreased by 3.95%, of the $ 203 / TEU to $ 195 / TEU. It is noteworthy that this area ports included in the index to establish the average are the Spanish Barcelona and Valencia.
During the first ten weeks of 2016, freight from China to Europe fell by 83.36% compared to $ / day 1,232 TEUs December 31, 2015, while those sent to the Mediterranean have fallen by 84.48% in the current year, closing above 1,257 dollars / TEU.
Only increase in the Red Sea
On the other hand, the price of shipping a container from Shanghai to the United States has also declined during the second week of March. Freight to the west coast fell by 6% to $ 761 / TEU, while exported to the East Coast have fallen by 3% to $ 1,710 / TEU.
Currently, the ports of Europe, the Mediterranean and the west coast of the United States account for 50% of the containers shipped from Shanghai to the world.
As for other routes with less weight for international trade, include the decline in all services that connect the main Chinese port with a non-Asian facility, except for freight to the Persian Gulf and the Red Sea, which increased by 49 , 3% to $ 315 / TEU.
Thus, we have produced declines of 29.7% in the sent to the Brazilian port of Santos, whose freight is situated March 18 at $ 332 / TEU, 4.15% in those sent to South Africa to $ 369 / TEU , 6.8% in those sent to the Nigerian city of Lagos to $ 995 / TEU, and 7.2% in those goods destined for Australia and New Zealand, to $ 336 / TEU.