Turkey Freight Rate Update
by ChemOrbis Editorial Team - content@chemorbis.com
Freight rates from China and Southeast Asia to the Turkish market have been announced with increases for the first half of June, according to MTS Izmir. The new rates will be in effect from June 1 until June 14, 2017.
When compared to the rates in May, freight rates for shipments from China increased by $350/container for 20’ containers on the low end and by $400/container on the high end while they increased by $100/container for 40’ containers on the low end and by $200/container on the high end. Freight rates from Southeast Asia also increased by $350/container for 20’ containers on the low end and by $400/container on the high end while they also increased by $100/container 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 June 1, 2017 and contain all applicable costs such as bunker adjustment fees (baf) and currency adjustment fees (caf):
The abovementioned freight rates are valid until June 14, 2017. Price ranges for geographical regions are due to freight variations depending on the port.
When compared to the rates in May, freight rates for shipments from China increased by $350/container for 20’ containers on the low end and by $400/container on the high end while they increased by $100/container for 40’ containers on the low end and by $200/container on the high end. Freight rates from Southeast Asia also increased by $350/container for 20’ containers on the low end and by $400/container on the high end while they also increased by $100/container 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 June 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 | 1500-1600 | +350+400 | 2200-2350 | +100+200 |
| Southeast Asia | Turkey | 1500-1650 | +350+400 | 2250-2300 | +100+100 |
| 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 June 14, 2017. Price ranges for geographical regions are due to freight variations depending on the port.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- PVC rally roars back in Asia as supply worries mount
- China PP, PE markets join global rally after Lunar New Year holiday
- PE, PP and PVC supply crunch exacerbated on US absence, traditional trade flows upended
- European PP, PE markets set for 5th bullish month as shortage bites
- Turkey shattered as PP prices shoot up to surreal levels
- Polymer markets face one of most chaotic times
- Turnaround season set to get underway in Asia
- Crude oil heals COVID-inflicted wounds; now what lies ahead?
- Global shipping turmoil deepens, adding to the upheaval in plastic resins
- China’s post-holiday polymer outlook supported by supply limitations, crude oil
