Turkey Freight Rate Update

Freight rates from China and Southeast Asia to the Turkish market have been announced with increases for 20’ containers while rates were flat for 40’ containers for the first half of March, according to MTS Izmir. The new rates will be in effect from March 1 until March 14, 2017.

When compared to the rates in late February, freight rates for shipments from China increased $75/container for 20’ containers on the low end and $50/container on the high end while they remained unchanged for 40’ containers. Freight rates from Southeast Asia also increased by $75/container for 20’ containers on the low end and by $100/container on the high end while they did not change for 40’ containers. Rates from India to Turkey remained unchanged.

Rates from Northwest and Southern Europe to Turkey were stable. Rates for shipments to Turkey from the Middle East and the USA were also unchanged.

The following freight rates per container are effective as of March 1, 2017 and contain all applicable costs such as bunker adjustment fees (baf) and currency adjustment fees (caf):

From	To	Freight (USD/20” container)	Change	Freight (USD/40” container)	Change
China	Turkey	1050-1100	+75+50	1975-2050	NC
Southeast Asia	Turkey	1050-1150	+75+100	1975-2050	NC
USA	Turkey	****	NC	1200-1300	NC
Northwest Europe (ARA)	Turkey	750-850	NC	950-1150	NC
Southern Europe	Turkey	600-700	NC	750-850	NC
Middle East	Turkey	700-800	NC	1150-1250	NC
India	Turkey	500-600	NC	850-950	NC
USA	China	****	NC	****	NC
USA	Egypt	****	NC	1350-1425	NC

The abovementioned freight rates are valid until March 14, 2017. Price ranges for geographical regions are due to freight variations depending on the port.