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Turkey Freight Rate Update

by ChemOrbis Editorial Team -
  • 02/11/2015 (12:53)
Freight rates from China and Southeast Asia to the Turkish market have been announced for November with significant increases following dramatic declines in October, according to MTS Izmir. The new rates will be in effect from November 1 until November 30, 2015. However, rates from the USA to Turkey and Egypt as well as rates from India to Turkey declined compared with the most recent levels.

When compared to the most recent adjustments, freight rates for shipments from both China and Southeast Asia to Turkey rose $800/container for 20’ containers and $1700/container for 40’ containers. Rates from India to Turkey, however, declined $300/container for 20’ containers and $500-600/container for 40’ containers.

Rates from Northwest and Southern Europe to Turkey were stable. Rates for shipments to Turkey from the Middle East were also unchanged. Rates for shipments from USA to Turkey slipped $25-75/container for 40’ containers. Similarly, rates for shipments from USA to Egypt declined $400/container for 40’ containers.

The following freight rates per container are effective as of November 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
ChinaTurkey900-950+800+800 1800-1850+1700+1700
Southeast AsiaTurkey900-950+800+800 1850-1950+1700+1700
Northwest Europe (ARA)Turkey750-850NC950-1150NC
Southern EuropeTurkey600-700NC750-850NC
Middle EastTurkey1100-1300NC1950-2150NC

The abovementioned freight rates are valid until November 30, 2015. Price ranges for geographical regions are due to freight variations depending on the port.
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