Port congestion in Asia pushes carriers back to Suez as peak season splits across trade corridors
Asia-Europe container freight rates are falling as port congestion in Asia pushes carriers back toward the Suez Canal, according to Sogese’s September Europe Container Market Update. Drewry’s 3 September World Container Index (WCI) put the Shanghai-Genoa rate at $4,368 per 40ft container, down 10% week on week, while Shanghai-Rotterdam fell 5% to $4,092. Blank sailings ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.
