top of page

Sea & Rail has price advantage over shipping to Europe

While the upward pressure on ocean freight rates on North American routes is weakening and remaining high, prices on European routes are rising again. According to several forwarder sources, spot freight rates for new cargoes from Japan to Europe for all-water shipping have reached $15,000-$16,000, while the Siberian Land Bridge (SLB) Sea & Rail, which uses the Trans-Siberian Railway (TSR), has risen but is still around $10,000 It seems. This is the first time in 40 years that rail transport rates have fallen below sea transport rates. However, although TSR's rail transport days are stable, the lead time to Europe is significantly delayed, as is shipping, due to congestion at the European side of the border and Far East ports. There is also a shortage of space for vessels and containers at sea.


8 views

Recent Posts

See All

African Airfreight Market Shows Signs of Recovery

The African airfreight market has faced challenges in recent years, but there are now signs of improvement. According to IATA, African carriers saw a cargo demand decline of 1.8% last year. This was d

Top 5 Japan Freight Forwarders in April 2024

The ranking of international air cargo forwarders from Japan for April 2024 has been revealed. The top spot was taken by NX with 17,395 tons (+1.3% y/y), followed by KWE in second place with 9,908 ton

CCFI Summary week 19

Ocean freight rates increased via the West Coast of North America (+1.5% week-on-week), Europe (+4.0%), and Korea (+3.3%). Freight rates via the East Coast of North America (-0.9%) decreased.

Comments


bottom of page