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Turkey Freight Rate Update

by ChemOrbis Editorial Team -
  • 04/03/2016 (14:55)
Freight rates from China, Southeast Asia, the USA, Middle East and India to the Turkish market have been revised downward for March, according to MTS Izmir. The new rates will be in effect from March 1 until March 31, 2016. Rates from the USA to Egypt also declined compared with the most recent levels.

When compared to the most recent adjustments, freight rates for shipments from China declined $100/container for 20’ and 40’ containers. Freight rates from Southeast Asia also dropped $100/container for 20’ containers and $50-100/container for 40’ containers. Rates from India to Turkey, meanwhile, plunged $300/container for 20’ containers and $600/container for 40’ containers.

Rates from Northwest and Southern Europe to Turkey were stable. However, rates for shipments to Turkey from the Middle East slipped $400-500/container for 20’ containers and $800-900/container for 40’ containers. Rates for shipments from USA to Turkey fell $100/container for 40’ containers. Similarly, rates for shipments from USA to Egypt declined $125-150/container for 40’ containers.

The following freight rates per container are effective as of March 1, 2016 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 AsiaTurkey100-150-100-100250-350-100-50
Northwest Europe (ARA)Turkey750-850NC950-1150NC
Southern EuropeTurkey600-700NC750-850NC
Middle EastTurkey700-800-400-5001150-1250-800-900

The abovementioned freight rates are valid until March 31, 2016. Price ranges for geographical regions are due to freight variations depending on the port.
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