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Container spot rates now below USD 1,000 per TEU for Shanghai - Europe

24 March 2011

Spot rates for shipping of containers out of Shanghai bound for Europe have now slipped below the USD 1,000 per TEU–mark for the first time since March 2009. Following yet another weekly drop in freight rates on this main trading lane, boxes are now being shipped off at USD 992 per TEU, USD 27 per TEU lower than last week.

Record high ship deliveries boost container fleet capacity by 4.3%

10 August 2023

Deliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU in 2023, beating the previous record by 0.2 million TEU. As recycling of ships has remained low, the fleet capacity has grown 4.3% since January.