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Rotterdam / Durban: rates are flat

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May 22, 2019 2:40:16 PM

Let’s explore this week a "no stories" port pair on a North / South containerized route : Rotterdam / Durban. 

The key factors that explain such stability in this market are :

  • a limited number of players,
  • a good fit in terms of capacity offered by carriers versus demand on the long run,
  • well-established Safmarine-MSL leadership,
  • and finally a wide open local buyer market.

The local South African economy, in spite of a moderate 1 to 1,5% yearly GDP, remains one of the most diversified and consistent in Africa with a wide range of cargo imported, in dry and reefer containers.

In terms of freight rate volatility, this pipe is one of less sensitive, in terms of peak / slack seasons and capacity changes. This is something to consider from a Shipper’s perspective when preparing a budget.

Historical view on average rates in Port to Port (with THC) estimated by Upply over the past 24 months – May 21st :

Capture d’écran 2019-05-22 à 14.22.52

Photo credit: Image by Ellen26 from Pixabay

Picture of Jerome de Ricqles

Jerome de Ricqles

Expert in Ocean shipping for 25 years, Jerome puts all his knowledge of the industry to contribution for Upply. Ship captain at heart, he has written the English-French Lexicon of Containerized Shipping (Paris: CELSE, 2001).