Trans-Atlantic westbound rates fell a combined 13.2 percent or $318 over the past two weeks, according to the latest release of the World Container Index.
The rate from Rotterdam to New York fell 10.8 percent or $261 last week to $2,150 per 40-foot container. This week the rate experienced a relatively less significant drop of 2.7 percent or $57 to $2,093 per FEU to $2,093. Rates have been on the decline since a proposed April 1 general rate increase failed to move them up at all. The current rate for the week of April 25 is down 17.2 percent year-over-year and 14.3 percent or $350 from the beginning of 2013.
The trans-Atlantic eastbound lane from New York to Rotterdam rose 1.5 percent or $25 last week to $1,742 per FEU and remained there in the week of April 25. This rate is down 15.7 percent from the same week in 2012 and 10.2 percent or $198 from the beginning of 2013. Rates in this lane have not seen any drops since a partial achievement of a GRI of between $200 and $300 for April 1. Rates have increased by $174 since the implementation of this GRI.