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East-west freight rates off 18 points since March, volatility grows

DREWRY Maritime Research's East-West Freight Rate index has shed 41 per cent of its value since it peaked in July 2010.

Sunday, 09.Oct.2011, 20:44 (GMT+3)

DREWRY Maritime Research's East-West Freight Rate index has shed 41 per cent of its value since it peaked in July 2010.

The index provides a weighted average of rates across key Asia-Europe, transpacific and transatlantic trade lanes.

The index had more than doubled last year following the May 2009 low point. Drewry's Intra-Asia Freight Rate Index has lost 18 per cent of its value since March.

"Our research shows that freight rate volatility has been increasing over recent years, with more violent frequencies of oscillation," said Container Freight Rate Insight editor Martin Dixon, reported American Shipper. "Cargo owners need to accept that volatility is now a long-term feature of more turbulent times and plan accordingly."

Read: 1984 Times-

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