The market index for Asia to North Europe is still on the decline, with the average for a 20-foot seeing a 19-percent drop since the 26th of May compared to the 26th of June, according to Xeneta, the price comparison service for sea freight. The market average for a 40-foot in Asia to North Europe performed similarly with a 20-percent decline in container shipping rates in the same period.
The deliveries of new ultra-large container ships that are scheduled later this year will further depress Asia-Europe freight rates unless carriers make more radical changes, Drewry Shipping Consultants report.
