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          NEW  DELHI, JAN.28: Average  global container freight rates rose in late 2009 compared to the previous year and for the first time since mid-2008, notes a report by London based Drewry Shipping Consultants.

         drewry predicts that average container freight rates, including fuel surcharges, will be about  15 per cent higher in 2010 than in 2009.

         This comes amid allegations from shippers  in the US from shippers in the US that their containers have in recent weeks been getting” rolled in China, as Carriers are said to be removing boxes to make way for those  paying more or those owned by larger shippers. “We’re also seeing  a lot of rollovers,” sources said. “We’ve given them the US$400 but at least they should try to get some more ships out there because things are picking up and I’m getting rolled a lot right now.”The Drewry Golbal Freight Rate Index recovered by three pc in the year to November  2009, after collapsing  in the first half of 2009. From September and November, the global “all -in” container freight rate index increased from US $2,160. On  the other hand, Drewry said average global freight rates in late 2009 were about 20 pc less than the peak experienced in 2007.

            “On routes such Asia to Europe, the year on year increase in spot rates amounts to at least 40 pc, and we know from shippers that they are asked to agree to much higher rates under annual contracts renewed in early 2010,” said Philip Damas, director of Drewry supply Chain advisors.

           “January and February are a critical period for many shippers  because a high proportion of annual contracts are renewed then, “he said as Drewry published its December 2009  Container Freight Rate Insight report.

           Drewry maintains that the potential for further increases in spot freight rates is generally limited barring  the  transpacific trade after container shipping lines in troduced an emergency rate charge of $400 per FEU, starting from January 15, to offset losses suffered on this trade lane.

           Its consultants are hence forecasting a sharp rise in spot transpacific rates from mid-January, ” as new capacity reductions can still stimulate some significant rate recovery in that trade, “reported American Shipper, adding that a “tighter supply-demand balance should push up transpacific spot rates in early 2010 despite the growing percentage of the fleet being laid up,”

         As for contract freight rates  Drewry anticipates they will rise significantly compared to the low levels of previous contract deals.

        “With spot freight rates now consistently higher than a year ago on most trade routes, contract negotiations taking place in early 2010 will be influenced by a different market environment and upwards pricing pressure,” said. The report also noted that emergency rate increases implemented by container in the TSA are taking hold across the board, according to US importers.