The spot rates of freight services continuously decreasing
since 15 weeks, due to decline in volume. Due to this downfall in volumes, the revenue
of the freight companies is greatly affected. it is a situation of high and dry
for the freight carrier services to down the revenue back again. the major
reason of the declination of spot rates was the drop of the head haul volumes.
on the other hand, china’s golden week holiday put a strong impression on
trades and shows continuous fall. after golden week holiday of china, carriers start
freight services from shanghai containerized freight index described more drop
on two major trades of scfi.
The spot rates of cargo services between north europe and
shanghai cut down by 54 dollars this week, reporting 259 dollars per teu as a
final value. this year reported the least spot rate as compared to the all
decreased values spot rates. on the other hand, mediterranean port’s spot rates
also decreased by 69 dollars, reporting 224 dollars per teu as a final value.
graph bar |
In spite of succeeding healthy fundamentals of the market,
the spot rates of freight services belonging to transpacific also continued
fall. the spot rates cut down to 94 dollars and 119 dollars towards the west
and east coasts of us. it is told that the spot rates went low and reaching
1,197 dollars per 40 feet for pacific coast and stated 2,199 dollars per 40
feet for the atlantic.
From these statics it
is very much clear that the latest gri planned by asia-europe carrier companies
in september have no effect on the spot rates of freight services. it is seen
that the gris of 1000 dollars, driving the spot rates to rise for about two
weeks at the start of the month, before showing the loss of gains and more
while the rest of the month. from this information, carrier companies have
planned to throw more gris in a range of 950 dollars to 1,200 dollars per teu,
in between north europe and asia, which may come into result from november 1st,
2015.
europe to asia |
It is estimated that the new gri offers would rise the spot
rates of cargo rates, which likened with the full world, would lead to 500
percent increase in spot rates.the present condition of trades of asia-europe
shipping rates shows that there will be a continuance in it, mostly in between
geneva and copenhagen at least for some future weeks. For cheap sea cargo services to Pakistan, Astarcargo.co.uk is a best and reliable company for sea cargo to Pakistan.
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