Logistics is the world of
your new opportunities!

Spot rates between Asia and northern Europe rose 7.4 per cent to $1,401 per TEU in the week ended on Friday, May 9, according to Shanghai Containerised Freight Index data.

It was the third straight week of rising rates on the world's busiest routes, noted Reuters. Container freight rates have so far increased in six weeks this year but fallen in 13 weeks.

Average rates for 2014 are $1,305 per TEU compared with $1,090 last year. The container shipping industry has been struggling with overcapacity and shrinking demand because of a weakening global economy.