Trans-Atlantic rates between New York and Rotterdam dipped in the week of June 6 after two weeks of slight increases, according to the latest release of the World Container Index.
Westbound rates from Rotterdam to New York slipped 1.4 percent or $29 from last week to $2,053 per 40-foot container. This cut half of the $55 that the rate had gained during the previous two weeks. The current rate is down 23.2 percent year-over-year and 16 percent or $390 from the beginning of 2013. Rates have been down year-over-year for the past 11 weeks.
The eastbound rate from New York to Rotterdam declined 1 percent or $16 to $1,593 per FEU this week. The lane saw its lowest rate since the end of March, when it sat at $1,568. The current rate is down 18 percent or $347 from the beginning of 2013 and down 20.7 percent year-over-year.
Hapag-Lloyd and Maersk have announced July 1 general rate increases in the trans-Atlantic lanes between U.S. and northern European ports. Hapag Lloyd will boost rates from the U.S. to North Europe by $150 per FEU, and both Hapag-Lloyd and Maersk will increase rates by $200 per container from North Europe to the U.S.
Going forward, WCI trans-Atlantic rates will no longer be reported weekly; they will be reported monthly in the first week of each month to include data from the prior month.