Asia/Europe volume up, rate down in July

Benchmarking

Monday, September 12, 2011

Asia/Europe ocean freight rates continued their nosedive in July, according to the latest figures from Container Trades Statistics (CTS), which gathers volume and price information from carriers on trades to and from Europe. CTS’s rate index on westbound head-haul Asia/Europe shipments dropped below 80 (the benchmark is 100) in July, its lowest point since August 2009. The westbound Asia/Europe trade is also the lowest of the six trades CTS tracks in i...

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