Well, it had to happen, as rates on the Asia-Europe trade had been weakening ever since Chinese New Year, and container lines had been trying (in vain) to implement increases however the timing was poor as the market is traditionally soft between Chinese New Year and the beginning of the next year's Peak Season (say August onwards).
Anyway, rates bounced back in a big way last Friday, climbing USD 518 per TEU (Twenty Foot Equivalent Unit) and so now would be a good time to actually check what you are paying for your ocean freight from Asia....!
Our customers sit within our portfolio so we've already made agreements for the month of May and they can rest easy.
http://www.lloydsloadinglist.com/freight-directory/news/Relief-at-last-for-Asia-north-Europe-carriers/62742.htm?utm_source=Lloyd%27s+Loading+List+Daily+News+Bulletin&utm_campaign=69d4d71dae-Wed_30_July7_30_2014&utm_medium=email&utm_term=0_1a5c244239-69d4d71dae-256747097
Kind Regards
Andy Cliff
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