Taiwanese container carriers are expected to do better in the 3Q15 amid rebounding freight rates and decreasing bunker prices, local analysts said on 3 August.
Rates for Asia-Europe services surged 177% week-on-week (w/w) from USD400/teu to USD1,109/teu last week, according InfoTimes, while rates for Asia-Mediterranean services also rocketed 178% w/w from USD402/teu to USD1,119/teu.
During the same period, the Asia-west coast services rates increased 43% w/w from USD1,123/feu to USD1,607/feu, while that of Asia-east coast service climbed 20% w/w to USD3,050/feu from USD2,538/feu, according to InfoTimes.
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Decreasing bunker prices are also good news for container carriers. Average bunker prices dropped from USD357.33/tonne in June to USD308.23/tonne in July, showed data from InfoTimes.
Evergreen uses about 200,000 tonnes of bunker every month, and saved USD9.82 million in July, due to falling bunker prices.
Yang Ming, which uses about 141,700 tonnes of bunker each month, saved USD6.96 million in July, and Wan Hai, using some 66,700 tonnes of bunkers each month, saved USD3.28 million in the same period.
This post was sourced from IHS Maritime 360: View the original article here.