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Turkey Freight Rate Update

by ChemOrbis Editorial Team -
  • 24/12/2014 (13:53)
Freight rates from China and Southeast Asia to the Turkish market have been announced for the first half of January with increases, according to MTS Izmir. However players have commented that new freight rates may be revised downward in early January in line with global market trends. The new rates will be in effect from January 1 until January 14, 2015.

When compared to the most recent adjustments, rates from China to Turkey increased $500/container for 20’ containers and $800-900/container for 40’ containers. For shipments from Southeast Asia to Turkey, freight rates were up $500/container for 20’ containers and $850-1000/container for 40’ containers. Rates from India to Turkey were steady after the most recent adjustment.

Rates from Northwest and Southern Europe to Turkey were stable. For shipments from the Middle East to Turkey, rates were unchanged. Freight rates from the US to Turkey were also steady for January while rates from the US to Egypt were also unchanged.

The following freight rates per container were reported effective as of January 1, 2015 and contain all applicable costs such as bunker adjustment fees (baf) and currency adjustment fees (caf):

FromTo Freight (USD/20” container)ChangeFreight (USD/40” container)Change
Southeast AsiaTurkey1350-1450+500+5002450-2650+850+1000
Northwest Europe (ARA)Turkey750-850NC950-1150NC
Southern EuropeTurkey600-700NC750-850NC
Middle EastTurkey1100-1300NC1950-2150NC

The abovementioned freight rates are valid until January 14, 2015. Price ranges for geographical regions are due to freight variations depending on the port.
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