Trans-Atlantic westbound rates rose $48 per 40-foot container in the week of May 30, according to the latest release of the World Container Index. The last time that rates increased this much in a week was the week of March 7.
Westbound rates from Rotterdam to New York increased 2.4 percent from last week. This is the second straight week of growth in this lane, and the pace accelerated from last week’s increase of 0.3 percent or $7. This lane has not seen two straight weeks of rate increases since June 2012. The current rate is down 20 percent year-over-year and 14.8 percent or $361 from the beginning of 2013. Rates have been down year-over-year for the past 10 weeks.
The eastbound rate from New York to Rotterdam inched up 0.1 percent to $1,609 per FEU, an increase of $1. Rates have shown slight upward movement over the past two weeks, up a total of $6. The current rate is down 17.1 percent or $331 from the beginning of 2013 and down 17 percent year-over-year.
Hapag Lloyd has announced a July 1 general rate increase in the trans-Atlantic lanes between the U.S. and northern European ports. Rates from the U.S. to North Europe will increase by $150 per FEU and from North Europe to the U.S. by $200 per FEU.