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04 May 2012
Asia-Europe Rates Jump
Average spot rates on the westbound Asia-Europe trade spiked 19 percent on May 3, an increase of $629 per 40-foot container, which means that carriers got most of the general rate increases they implemented on May 1.
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16 Apr 2012
Ocean Carriers Ready Further Rate Hikes
CMA CGM is latest carrier to raise Asia-Europe rates for the third straight month
Ocean carriers are preparing a fresh round of rate hikes on the Asia-Europe trade, taking advantage of stronger-than-expected cargo growth and a resilient spot market to move out of the red.
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