They enjoyed a year-on-year improvement for the fourth consecutive month, although the growth for the month in question was minute. Freight rates for shipments from Yantian, China to Felixstowe, the U.K. were US$1,160 per TEU, according to Drewry Shipping Consultants. They surged 27.5% from September 2015, registering an increase from the previous month for five months in a row.

The JMC report, which had been compiled from statistical data provided by Container Trades Statistics Ltd. (CTS) of the U.K., indicated that container imports from Europe to Asia, meanwhile, swelled 8.1% to 570,761 TEUs in September, which was a year-on-year expansion for five straight months. Freight rates for shipments from Felixstowe to Yantian were $580 per TEU, which plunged 12.1% and incurred a year-on-year contraction for 21 consecutive months.

Source: jiffa
2016-11-16

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