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Italy Freight Rate Update

by ChemOrbis Editorial Team -
  • 10/11/2014 (17:18)
According to Aprile SpA in Bologna, Italy, freight rates between Northeast Asia and the Mediterranean have been announced for November. Freight rates were increased, as was expected after shippers postponed their targeted increases from October to November. New freight rates were reported at $1300/container for 20’ containers, up $400/container, and at $2600/container for 40’ containers, up $800/container effective as of November 11. Increases were not fully implemented as shippers had been targeting an increase of $900/container for 20” containers and $1800/container for 40” containers.

According to sources, freight rates may witness some further decreases within the month. Freight rates in the table below will be valid until November 30, 2014:

FromTo Freight (USD/20” container) Freight (USD/40” container)
ShanghaiGenoa/La Spezia1300+4002600+800
Yantian/ChiwanGenoa/La Spezia1300+4002600+800
Jakarta Genoa/La Spezia 1300+4002600+800
Laem Chabang Genoa/La Spezia1300+4002600+800
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