WCI: Trans-Atlantic Eastbound Rates Hold Onto Gains

WCI: Trans-Atlantic Eastbound Rates Hold Onto Gains

World Container Index rates between New York and RotterdamWorld Container Index rates between New York and Rotterdam

Trans-Atlantic rates remained mostly unchanged the week after the April 1 general rate increase between Northern Europe and U.S. East Coast, according to the latest release of the World Container Index.

Last week carriers failed to achieve a general rate increase of between $300 and $500 set for April 1 from Northern Europe to the U.S. East Coast; instead, rates fell $40.  This week, rates from Rotterdam to New York remain at $2,411 for the second week, down 5.5 percent from the same week in 2012 and down 1.3 percent from the beginning of this year.

The trans-Atlantic eastbound lane from New York to Rotterdam was able to hold on to last week’s gain of $148 and even inched up 0.1 percent or $1 to $1,717 in the week of April 11. Last week’s jump was a partial achievement of a GRI of between $200 and $300 for April 1. Despite the increases, the index still remains 11.5 percent lower than it was at the beginning of 2013 and 17 percent lower than it was at this point last year.