Trans-Atlantic eastbound rates continued to decline this week, although at a slower rate, for a second week in a row, according to the latest release of the World Container Index. During the past two weeks, rates have fallen 8 percent or $139.
The rate from New York to Rotterdam in the week of May 9 dropped 2.3 percent or $37 from last week to $1,603 per 40-foot container. The drop puts this week’s rate down 17.4 percent or $337 from the beginning of 2013 and 21.2 percent year-over-year. The past 10 weeks have seen year-over-year drops, nine of those in the double-digits.
The trans-Atlantic westbound lane from Rotterdam to New York inched down 0.1 percent or $2 to $2,091 per FEU. This lane has not seen much movement in the past two weeks; last week, the rate remained flat at $2,093. The current rate is down 17 percent year-over-year and 14.4 percent or $352 from the beginning of 2013. There hasn’t been an increase in this lane’s rate in nine weeks.