COPENHAGEN May 12 Shipping freight rates for
transporting containers from ports in Asia to northern Europe
rose 7.4 percent to $1,401 per 20-foot container (TEU) in the
week ended on Friday, data from the Shanghai Containerized
Freight Index showed.
It was the third consecutive week of rising freight rates on
the world's busiest routes. Container freight rates have so far
increased in six weeks this year but fallen in 13 weeks.
Average rates for 2014 are $1,305 per TEU compared with
$1,090 last year.
The container shipping industry has been struggling with
overcapacity and too few goods to transport as a result of a
faltering global economy.
Maersk Line, global market leader with nearly 600 container
vessels and part of oil and shipping group A.P. Moller-Maersk
, was one of the few container shipping companies to
make a profit last year.
Germany's Hapag Lloyd, the sixth largest carrier,
said on Friday it would attempt to hike rates on routes from
Asia to northern Europe by $750 per TEU with effect from June 9,
a 53 percent increase.
(Reporting by Ole Mikkelsen; Editing by Mark Potter)