Shipping freight rates continued to decline last quarter

According to the benchmarking Club (Drewry Benchmarking club, said Drury, on in the fourth quarter of 2015, the main thing the re-emergence of the freight shipping routes fell.The agency said the trans-Pacific route and the Asia-Europe routes reference shipping freight rates fell by 5% in the period 8-November last year, is again since last fall.
Drury said the fall in rates was due to the reduction of the cost of fuel, the shipping capacity growth, as well as the fierce competition between airlines.The decline in fuel costs since in the fourth quarter of 2014, makes shipping freight rates continued to fall in the past year. In the period February last year to November this year, Drury negotiated freight rate benchmark index of benchmarking Club (Drewry Benchmarking Club Contract Rate Index fell 14%, this trend also reflected on the spot market.
 Mr Drury says, The drop in shipping rates but also by the impact of the reduction of freight demand, this is due to some shippers are more likely signed a transport agreement on the spot market.However, Drury believed that, in this way signed a transport agreement on the spot market both in the shipping and transportation can not be guaranteed, especially in the peak period of consolidation.However, Drury believed that, in this way signed a transport agreement on the spot market both in the shipping and transportation can not be guaranteed, especially in the peak period of consolidation.In view of the current price on the spot market and the rental market to remain in a state of fluctuation More and more operators urgently at how we can get a higher price in the current market.Source: international shipping network