Asia-Europe rates drop by US$47-$60 routes over 13 weeks

CARRIERS cut rates on the Asia Europe routes for the first time in 13 weeks by US$60-$47 bracing for rising capacity of 22,000-TEU, seven per cent of overall capacity, according to Paris-based Alphaliner newsletter.

The rates now stand at $2,104/TEU to northern Europe and $1,998/TEU to the Mediterranean reflected in a drop of 24.78 points on the Shanghai Containerised Freight Index.

Further rate drops are predicted with more capacity bumped up to as high as 10 per cent for the year, said Alphaliner. "These moves will ease the capacity crunch in the market, which the trade has been facing since late December, following a strong recovery of demand figures."

FurtCARRIERS cut rates on the Asia Europe routes for the first time in 13 weeks by US$60-$47 bracing for rising capacity of 22,000-TEU, seven per cent of overall capacity, according to Paris-based Alphaliner newsletter.

The rates now stand at $2,104/TEU to northern Europe and $1,998/TEU to the Mediterranean reflected in a drop of 24.78 points on the Shanghai Containerised Freight Index.

Further rate drops are predicted with more capacity bumped up to as high as 10 per cent for the year, said Alphaliner. "These moves will ease the capacity crunch in the market, which the trade has been facing since late December, following a strong recovery of demand figures."

Further service launches on the Far East-Europe routes include Israel's Zim launch to Asia, India, the Mediterranean and northern Europe on April 7 using vessels of the 12,3800-TEU mark. These are joined by weekly service from Wan Hai Lines and PIL Asia-Europe route deployed by nine 4,250-TEU, and CSAV Nor Asia's start-up service between China and the western Mediterranean using 10,500-TEU.
er service launches on the Far East-Europe routes include Israel's Zim launch to Asia, India, the Mediterranean and northern Europe on April 7 using vessels of the 12,3800-TEU mark. These are joined by weekly service from Wan Hai Lines and PIL Asia-Europe route deployed by nine 4,250-TEU, and CSAV Nor Asia's start-up service between China and the western Mediterranean using 10,500-TEU.

(Source: www.schednet.com)