Dutch sea shipping rates further up

10/06/2010 15:00

In the first quarter of 2010, sea shipping rates were 12 percent higher than In the previous quarter. In the last two quarters of 2009, sea shipping rates also increased. Higher rates are caused by an increase in the demand for sea shipping services and higher fuel costs. Rates have risen by more than 11 percent relative to the first quarter of 2009. Fuel prices were more than 83 percent higher than one year ago. Both price increases were the highest in four years.

Dutch sea container transport rates soared by more than 19 percent in the first quarter of 2010 compared to the previous quarter. Rates of incoming and outgoing sea container transport increased by more than 23 and 14 percent respectively. Charter rates for cargo ships including crew, the so-called time charter, were only 2 percent up. The price increase is more modest than in container transport, because fuel costs are not included.

Dutch sea shipping rates

Dutch sea shipping rates

Ömer Eryigit