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Asia-Europe rate declines 2.7pc to US$640/TEU, off 1pc to USWC

SPOT rates for shipping containers from Asia to northern Europe in the week ending Friday declined 2.7 per cent to US$640 per TEU, according to the Shanghai Containerised Freight Index (SCFI).

Asia-Mediterranean trade recorded a slight uptick to $715 per TEU, London's Loadstar reported.

Asia to US west coast decreased one per cent to $1,606 per FEU while those to the east coast stayed flat at $2,638 per FEU.

Source: Schednet

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