SeaNews Turkey - Each TEU shipped Shanghai-north Europe costs carriers US$141, study says

Wednesday, 22.May.2013, 17:11 (GMT+3)

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Each TEU shipped Shanghai-north Europe costs carriers US$141, study says

Each TEU shipped Shanghai-north Europe costs carriers US$141, study says

OCEAN carriers are losing US$141 for every TEU shipped from Shanghai to north Europe route, as consumer demand weakens, according to analysts at ACM/GFI, a joint-venture between London-based ACM Shipping and GFI Group.
Tuesday, 08.Nov.2011, 08:27 (GMT+3)

OCEAN carriers are losing US$141 for every TEU shipped from Shanghai to north Europe route, as consumer demand weakens, according to analysts at ACM/GFI, a joint-venture between London-based ACM Shipping and GFI Group.

"Current rates on Asia to Europe are lower than the lows seen in 2009 when shipping companies were losing $41 for each 20-foot box that June," said ACM/GFI, reported London's International Freighting Weekly.

Shanghai Shipping Exchange (SSFI) figures are the basis of the assessment, which looked at Shanghai to north-west Europe from Shanghai that included fuel and other surcharges, said the report.

Rates for Shanghai to north Europe fell 4.1 per cent in the last week of October, the eighth drop in nine weeks, according to the SSFI, also revealing that rates hit a record high of $2,165 in March 2010.

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