Rail-sea rate competition to intensify even more in the coming years

Image: Unsplash. Erik Odiin

Sea shipping rates reached a new low last week, according to Drewery’s World Container Index, which saw a 2 per cent decrease to 1,342 US dollars per 40ft container. The rate was 57 per cent lower than the same week last year. Overall, in 2023, sea shipping rates have decreased by 60 per cent, increasing competition with intercontinental rail significantly. The situation could intensify even more in the coming years.

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Author: Nikos Papatolios

Nikos Papatolios is editor of RailFreight.com, the online magazine for rail freight professionals.

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Rail-sea rate competition to intensify even more in the coming years | RailFreight.com

Rail-sea rate competition to intensify even more in the coming years

Image: Unsplash. Erik Odiin

Sea shipping rates reached a new low last week, according to Drewery’s World Container Index, which saw a 2 per cent decrease to 1,342 US dollars per 40ft container. The rate was 57 per cent lower than the same week last year. Overall, in 2023, sea shipping rates have decreased by 60 per cent, increasing competition with intercontinental rail significantly. The situation could intensify even more in the coming years.

Do you want to read the full article?

Are you already a member?

Log in

Having problems logging in? Call +31(0)10 280 1000 or send an email to customerdesk@promedia.nl.

 

Author: Nikos Papatolios

Nikos Papatolios is editor of RailFreight.com, the online magazine for rail freight professionals.

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