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Asia-Europe Rates Weaken Further

Posted by: in International

Asia to Europe Container Rates Drop Further into April

Shipping lines do not seem to be helping themselves with plans to increase the rates upwards to a sustainable level, as post-Chinese New Year gets underway we have seen new vessels implemented into the market.

With Alliances changing, and new partnerships forming there was already some concern over the vessel capacity in circulation, but with some lines introducing new 22,000 TEU container ships into the mix, it’s now caused a complete imbalance of Space vs Volume.

The inevitable is happening.

Rates have not managed to stay stable, and thus causing competition between lines for market share. Rates fell instantly just before confirming April rates from the start which was never a good sign for stability. We are now expecting further reductions to come our way, and clients rates shall be updated mid-month to reflect the changes. We are not publishing these just yet as a lot can happen in the matter of a week, so we shall be passing on the fullest of reductions that we obtain nearer the time. However note, there is definitely a reduction looming.