Asia-Europe container freight rates collapse 78% this year

Container shipping freight rates on the Asia-Europe trade have plunged by 78% this year up until the week ended...

Asia-Europe container freight rates collapse 78% this year

Container shipping freight rates on the Asia-Europe trade have plunged by 78% this year up until the week ended 15 April, following two consecutive weeks of decrease, according to the Shanghai Containerised Freight Index (SCFI).

Dry bulk newbuilding orders down 78% on year in January: broker

The number of dry bulk newbuilding orders placed in January 2015 was down 78% on the year, the latest estimates by Greek sale-and-purchase broker Golden Destiny show.