INTERNATIONAL TRANSPORTATION AND LOGISTICS MARKET WEEK 34/2023

1. Shipping route: Asia - North America (Asia - North America)
 

Freight rates (Ocean Freight) from Asia to North America West Coast in the week of 34/2023 continued to increase slightly to $2,148/FEU, up 0.37% from the previous week and up 19.60% from the previous month. , according to Xeneta data.

Rain from Hurricane Hilary closed the main Union Pacific and BNSF rail link between Southern California and Texas. Railroads are expected to resume service on August 25, but shippers should anticipate possible delays until rail operations return to normal.

2. Shipping route: Asia - Europe (Asia - Europe)

Freight rates from Asia to Northern Europe in the week of 34/2023 fell sharply to $1,576/FEU, down 6.75% from the previous week and up 32.77% from the previous month, according to Xeneta data.

Demand remains steady - high inflation, high inventories, rising energy costs and political uncertainty are still impacting demand on the European side. Carriers are aiming to adopt GRI in September, and more train cancellations and adjustments have also been announced for next month.

3. Shipping route: North America - Asia (Northern America - Asia)
 
Freight rates from North America (West Coast) to Asia in the week of 34/2023 increased slightly by 1.40% compared to the previous week, to 799 USD/FEU. This price decreased by 9.92% compared to the previous month.

Overall demand remains weak and is forecast to last until the end of Q1 2024. Rates continue to be offered by carriers at attractive rates to fill vessels while capacity remains redundant.

4. Shipping route: Northern Europe - Asia (Northern Europe - Asia)
 
Freight rates from Northern Europe to Asia in the week of 34/2023 decreased slightly by 1.50% compared to the previous week, to 394 USD/FEU. This price decreased by 0.51% compared to the previous month.

                                                                                                                                                                               Sourre: Phata.com,2023