Asian customers that need to transport cars to Europe will be happy to hear that the rates for shipping containers to Europe from Asia has been dropping continuously for the past 10 weeks according to sources in the shipping industry. The price of shipping containers has been fluctuating a lot of late, with the average price at the end of April just $3 higher than the rates at the end of the first week of May. This is considerably lower than the rates at their recent high near the end of the first week of March and there could be reason to believe that the rates for shipping containers could continue to decrease in the days and weeks ahead of us. The rates have been falling less and less with each drop in price through, so this might indicate that the decrease in rates could be starting to ease. This could be the time for you to take care of that car shipping chore you have been putting off for awhile now, if you have a car in Asia you want to ship to Europe and take advantage of some cheap car transport rates?
Why would the rates continue to fall you ask? Recent announcements by two major container shipping firms that they would be launching a new Asia to Europe service implementing at least 10 13,000 TEU vessels is one reason. This announcement means that a lot of capacity is going to be brought back on line in order to try to take advantage of the peak season for container movements through the summer months and this is going to increase capacity and possibly drive the rates down some more in the days and weeks ahead.
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