15.2 C
Hamburg
Sunday, June 1, 2025
Home Most Visited - Newsletter Asia-Europe rates gain from Christmas rush

Asia-Europe rates gain from Christmas rush

Gains in Asia-Europe freight rates are likely to be sustained throughout December as shippers rush out goods before Christmas, according to Linerlytica’s latest report, released today (12 December).

On 8 December, the Shanghai Containerised Freight Index showed that Asia-North Europe rates gained 9% to US$925/TEU, while Asia-Mediterranean rates went up by 10% to US$1,387/TEU, marking a second straight week of growth.

Meanwhile, Asia-Europe backhaul sailings and diversions from the Panama Canal are mitigating the impact of record newbuilding deliveries of 2.2 million TEUs this year.

Asia-US East Coast dipped slightly, by US$5, to US$2,441/FEU, while Asia-US West Coast only increased by US$23, to US$1,669/FEU, even though the quota on crossings through the Panama Canal has pushed some Asia-US East Coast sailings to reroute through the Suez or round the Cape of Good Hope.

Linerlytica said, “THE Alliance carriers are paying a heavy price after failing to secure priority passage and have been forced to divert all three of their Panama all-water services to avoid lengthy delays at the Canal. East Coast capacity remains sufficient to meet market demand despite draft restrictions that have limited full container intake for the Panama passage.”


Martina Li
Asia Correspondent





Latest Posts

The Indian Ocean Rivalry

The Indian Ocean has emerged as a strategic theater of competition between two Asian giants: India and China. India’s recent developments indicate a rapid expansion...

Statkraft advances plans for green hydrogen scheme at Hunterston

Europe’s largest generator of renewable energy has proposed the development of a green hydrogen facility at Hunterston, the former coal terminal in Ayrshire. Clydeport –...

Port of Bilbao wraps up busiest month for cruise traffic

May has marked a record month for cruise activity at the Port of Bilbao’s terminal in Getxo, with 18 cruise ship calls bringing over...

Tripoli port shutdown sparks maritime crisis in Libya

Libya’s shipping sector is teetering on the edge of collapse as fresh waves of political violence erupt in Tripoli, crippling key port operations and...

Klaipėda port embarks on green hydrogen initiative

Klaipėda Port launched its green hydrogen initiative, positioning itself as the first in Lithuania and the broader Baltic region to produce and supply green...
error: Content is protected !!