International shipping and logistics market update - Week 17/2023

Phaata International shipping and logistics market update - Week 17/2023

1. Asia - Northern America route

The freight rate from Asia to North America West Coast in the week 17/2023 increased to $1,617/FEU, equivalent to a slightly increase of 1.51% compared to the previous week and a increase of 35.09% compared to the previous month, according to Xeneta.

Asia- US West Coast Freight rate | Week 17/2023 (Image: Phaata.com)

2. Asia - Northern Europe route:

The ocean freight from Asia to Northern Europe in the week 17/2023 slightly decreased to $1,408/FEU, equivalent to a decrease of 1.68% from the previous week and a decrease of 3.83% from the previous month, according to Xeneta data.

Asia-Northern Europe Freight rate | Week 17/2023 (Image: Phaata.com)

3. Northern America - Asia route:

The freight rates from North America (West Coast) to Asia in the week 17/2023 slightly decreased by 0.22% compared to the previous week, to 909 USD/FEU. This price decreased by 7.34% compared to the previous month.

US West Coast - Asia Freight rate | Week 17/2023 (Image: Phaata.com)

4. Northern Europe-Asia route:

The freight rate from Northern Europe to Asia in the week 17/2023 decreased by 0.96% compared to the previous week, to 516 USD/FEU. This price decreased by 11.34% compared to the previous month.

Northern Europe - Asia Freight rate | Week 17/2023 (Image: Phaata.com)

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Find Logistics Companies here.

Read more:

• DP World reaches 19.5 million TEUs in Q1 2023
• Major ports in China achieve nearly 70 million TEUs in Q1 2023
• Hapag-Lloyd completes share acquisition of Indian port operator JMBPL
• Port of Rotterdam reports container volume decrease in Q1
• COSCO schedules: Vietnam - North America in May 2023

Source: Phaata.com 

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