Posted on August 17, 2012

Although shipping lines have been attempting to increase freight rates from Asia to Europe from 1 August, it seems that their attempts have failed.  The Shanghai Shipping Exchange has a panel of  Chinese freight forwarders, who reported that the average all-in freight rate quoted by carriers for spot business from Shanghai to Northern European main berth ports on August 10 fell by US$98 per TEU compared to the week before.

Exports from Asia to Europe still do not show much sign of  improvement. This is a problem to shipping lines, as they increased vessel capacity to Northern Europe by 11% between 1 April and 1 July in anticipation of improvements.

Freight Shipping Brexit Pakistan rail freight Ireland Australia Covid-19 Swedish Sweden freight Denmark EU export Spain Poland U.S.A exports France wine freight forwarders freight Sweden imports logisitics Germany waste Seafreight shipping exporters Netherlands Gothenburg Finland italy freight forwarding Switzerland Vietnam India Canada containers USA China container South Africa cargo Norway Hong Kong logistics exports China air freight Japan Turkey