Asia-North Europe Box Rates Up 7 pct

Container spot freight rates from Asia to Northern Europe rose 7 percent to $961 per twenty-foot equivalent units (TEU), the Shanghai Containerized Freight Index showed.

News ID: 72590

Date: 25 February 2017 - 13:40

Freight rates from Asia to ports in the Mediterranean rose $38 to $882 per TEU, MANA correspondent reported.

Maersk Line, a unit in Danish shipping and oil group A.P. Moller-Maersk, is the market leader with a global market share of around 15 percent.

It controls around 20 percent on the world's busiest routes between Asia and Northern Europe.