US Aircarft Carrier Leaves Red Sea as Houthis Pause Attacks
A US aircraft carrier strike group left the Red Sea for Europe weeks after Yemen’s Houthi rebel group said it will stop attacking vessels in the region.
Spot rates for twenty foot equivalent unit containers (TEU) will rise by $1,000, Maersk Line wrote in a letter to customers.
The planned price hike corresponds to a 429 percent increase from current levels if implemented successfully. Container rates typically rise in big jumps announced by the shipping companies before gradually easing back over time.
According to the Shanghai Containerized Freight Index, twenty foot rates from Asia to Europe stood at $233 last week, which is widely seen as a loss-making level. (Reporting by Ole Mikkelsen; editing by Sabina Zawadzki)
(c) Copyright Thomson Reuters 2015.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 108,948 members that receive our newsletter.
Have a news tip? Let us know.
Maritime and offshore news trusted by our 108,948 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up