Yemen’s Houthis Target MSC Ship in Gulf of Aden
DUBAI, April 25 (Reuters) – Yemen’s Houthis said they targeted the MSC Darwin ship in the Gulf of Aden on Thursday, as the Iran-aligned group resumed attacks on commercial ships in the Red Sea...
It was the third consecutive week of falling freight rates on the world’s busiest route and rates are now nearly 60 percent lower than three weeks ago.
Freight rates on the world’s busiest shipping route have tanked this year due to overcapacity in available vessels and sluggish demand in goods to be transported. Rates generally deemed profitable for shipping companies on the route are at about $800-$1,000 per TEU.
In the week to Friday, container freight rates dropped 32.1 percent from Asia to ports in the Mediterranean, fell 7.9 percent to ports on the U.S. West Coast and were down 9.9 percent to ports on the U.S. East Coast.
The world’s largest container shipping company, Maersk Line, plans to raise spot freight rates by $1,000 from ports in Asia to ports in northern Europe, with effect from Sep 1. Other major container shipping companies have similar plans. (Reporting by Ole Mikkelsen; editing by Sabina Zawadzki)
(c) Copyright Thomson Reuters 2015.
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